When the Sum of All Entries in the Subsidiary Ledger

question 87

Multiple Choice

When the sum of all entries in the subsidiary ledger equals the amount in the corresponding general ledger account,it is assumed that (select all that apply)

• A)the recording and posting processes are accurate.
• B)all of the transaction cycles have been completed.
• C)since the ledgers are in balance,adjusting entries are not required.
• D)no errors exist in the subsidiary ledger and corresponding general ledger account.

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Definitions:

Equal Pay

A principle requiring that men and women be given equal pay for equal work in the same establishment.

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