The Balance of a Control Account in the General Ledger

question 109

Multiple Choice

The balance of a control account in the general ledger

• A) must always be zero.
• B) must equal the amount of total assets.
• C) is always greater than the composite balance of individual accounts in a related subsidiary ledger.
• D) must equal the composite balance of individual accounts in a related subsidiary ledger.

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Definitions:

Focal Person

An individual at the center of attention within a specific context or scenario, often due to their role, actions, or the significance of their contributions.

Boundary Role Conflict

A situation where individuals face expectations from multiple roles they occupy, which may conflict with each other, especially in organizational settings.

Labour Relations

The study and practice of managing relationships between employers and employees, often focusing on collective bargaining, worker rights, and dispute resolution.

Emergent Role

A role that is not officially designated but develops naturally based on group dynamics and individual strengths within a team.