When the Sum of All Entries in the Subsidiary Ledger

question 71

Multiple Choice

When the sum of all entries in the subsidiary ledger equals the balance in the corresponding general ledger account,it is assumed that

• A)the recording processes were accurate.
• B)all source documents were recorded.
• C)adjusting entries are not required.
• D)no errors exist in the subsidiary ledger.

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Definitions:

Change Outcomes

The process of influencing or altering the results or consequences of actions to achieve a desired goal.

Change Hierarchy

An organizational or systematic way of prioritizing alterations or amendments in processes, behaviors, or structures within a group or system.

Investing More Effort

The action of dedicating additional energy and resources towards achieving a task or goal.

Equal Work

The principle that individuals should receive equal treatment and opportunities in the workplace, regardless of personal characteristics unrelated to their job performance.