The General Ledger Account Representing the Subsidiary Ledger Is Known

question 18

Multiple Choice

The general ledger account representing the subsidiary ledger is known as a control account because:

• A) inclusion of both control accounts and subsidiary ledger accounts in the general ledger improves control.
• B) the accuracy of the detailed accounts in the subsidiary ledger can be checked against the aggregate data and the balance contained in it.
• C) subsidiary ledgers eliminate the need to record totals in the general ledger.
• D) it includes all transactions in the subsidiary ledger.

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Definitions:

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