In Accounting and AIS,what Is the Relationship Between the General

question 104

Essay

In accounting and AIS,what is the relationship between the general and subsidiary ledgers?

---

Definitions:

Time Certain

A term used to specify an exact time at which an event or action is planned to take place.

On Demand

Refers to goods, services, or information being available whenever requested by customers or users.

Negotiable

Capable of being transferred from one party to another in exchange for something of value, typically used in the context of financial instruments.

Acceleration Clause

A provision in a loan agreement that allows the lender to demand immediate repayment of the balance if certain conditions are not met.