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Which of the following would be best to use in a proposal?
Control Accounts
General ledger accounts that consolidate and summarize the detailed information from subsidiary ledgers.
Subsidiary Accounts
Detailed accounts linked to a general ledger account that record individual transactions related to that ledger's balance.
General Ledger Control Accounts
Accounts used to summarize the total balances of several subsidiary accounts, facilitating the reconciliation and reporting process.
Subsidiary Ledgers
Detailed ledgers that contain information supporting accounts listed in the general ledger, such as details on accounts receivable, accounts payable, etc.
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