A Subsidiary Ledger Is a Record of Accounts That Provides

question 106

True/False

A subsidiary ledger is a record of accounts that provides supporting details on individual balances,the total of which appears in a general ledger account.

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Definitions:

Licensure Exam

A standardized test that individuals must pass in order to be legally recognized as a professional in certain fields.

Median

The middle value in a data set, which divides it into two equal halves, with an equal number of values both above and below it.

Range

The difference between the highest and lowest scores in a data set, used as a measure of variability.

Stanine

A method of scaling test scores on a nine-point standard scale with a mean of five and a standard deviation of approximately two, used to simplify the interpretation of test results.