Studies of Convoys Found

question 6

Multiple Choice

Studies of convoys found

• A) those of the elderly average about five members.
• B) men usually dominate.
• C) some people drop out and others join the convoy after it has begun.
• D) members of convoys stay virtually the same throughout life.

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Definitions:

Subsidiary Ledger

A detailed ledger that contains the breakdown of individual accounts, which supports the balances shown in the general ledger.

Control Accounts

Summary accounts in the general ledger that consolidate the details recorded in subsidiary ledgers for management and reporting purposes.

Accounting System

A system used by businesses for tracking their financial transactions, consisting of various processes, records, and reports.