Identify the Statement Below That Is Not True with Regards

question 97

Multiple Choice

Identify the statement below that is not true with regards to the accounts receivable subsidiary ledger.

• A)Every credit sale is entered individually into the subsidiary ledger.
• B)Debits and credits in the subsidiary ledger must always equal.
• C)The subsidiary ledgers play an important role in maintaining the accuracy of the data stored in the AIS.
• D)The total of the subsidiary ledgers must equal the control account.

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Definitions:

Job Board Sites

Online platforms where employers post available job positions and job seekers submit applications.

Write-Ins

A process or method allowing employees to submit ideas, feedback, or proposals to management.

Social Media

Digital platforms that enable users to create and share content or participate in social networking.

Job Banks

Databases or repositories where job vacancies are posted by employers, facilitating the match between job seekers and available positions.