Which of the Following Is True of a Control Account

question 41

Multiple Choice

Which of the following is true of a control account?

• A)It is a valuation account from which balances are added to another account.
• B)Its balance equals the sum of the balances in a group of related accounts in a subsidiary ledger.
• C)It is equivalent to a contra account and represents the offsetting nature of debits and credits on a firm's financial statements.
• D)It holds individual accounts that support a general ledger account.

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Definitions:

Logistical Support

Involves the detailed coordination of a complex operation involving many people, facilities, or supplies, focusing on the efficient and effective transportation and storage of goods.

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The evaluation of advertising campaigns to determine their effectiveness in achieving desired outcomes, such as increased awareness or sales.

Ad Creation

The process of conceptualizing, designing, and producing an advertisement to communicate to a target audience.

Execution Style

The manner in which an advertising message is presented or the creative approach used in conveying the ad's message.