An Advantage of Using a Subsidiary Ledger Is That One

question 137

True/False

An advantage of using a subsidiary ledger is that one employee must post to both the subsidiary ledger and the general ledger.

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Definitions:

Consumer Protection Legislation

Laws and regulations designed to ensure the rights of consumers are protected against unfair practices by businesses.

Province

A territorial unit of administrative division within a country, often enjoying a certain degree of self-government.

Negotiable Instruments

Financial documents, such as checks or promissory notes, that guarantee the payment of a specified amount of money, either on demand or at a set time, with the feature of being transferrable to another holder.

Consumer Transaction

An exchange or agreement regarding the sale, lease, or provision of goods or services between a seller and a consumer.