A Subsidiary Ledger Maintains Account Details That the General Ledger

question 185

True/False

A subsidiary ledger maintains account details that the general ledger cannot capture.

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Definitions:

Authority

The legal right or power granted to an individual or organization to perform actions or make decisions in a particular domain.

Agency Request

A formal appeal or demand made by an agency for something to be given, supplied, or performed.

Facilities

Buildings, services, equipment, etc., provided for a particular purpose, such as healthcare, education, or sport.

Business Firm

An organization engaged in commercial, industrial, or professional activities, either for profit or non-profit.