Which of the Following Statements About a Subsidiary Ledger Is

question 3

Multiple Choice

Which of the following statements about a subsidiary ledger is NOT true?

• A) The accounts in the subsidiary ledger represent components of the double-entry equation.
• B) A subsidiary ledger is a set of ledger accounts that collectively represent a detailed analysis of one general ledger account classification.
• C) At any time,the total of the accounts in the subsidiary ledger should equal the balance in the control account.
• D) Every entry made to an account in the subsidiary ledger is also reflected in the control account.

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Definitions:

External Benchmarking

The process of comparing a company's performance, products, or processes against those of leading competitors or industry standards.

Process Benchmarking

Examining and measuring business procedures and performance measures against top industry benchmarks or exemplary practices from different firms.

Lead Indicator

A predictive metric that anticipates future economic or business trends.

Customer Satisfaction

The measure of how products or services supplied by a company meet or surpass customer expectations.