A Subsidiary Ledger

question 61

Multiple Choice

A subsidiary ledger

• A)is used to record infrequent or non-routine transactions.
• B)simplifies the process of recoding large numbers of repetitive transactions.
• C)records all detailed data for any general ledger account that has individual sub-accounts.
• D)contains summary-level data for every account of the organization.

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Definitions:

Consequentialists

Ethical theorists who believe that the morality of an action is determined by its outcomes or consequences.

Important Considerations

are crucial factors or aspects that need careful thought and examination when making decisions or analyzing situations.

Utilitarians

Philosophers or adherents of the ethical theory called utilitarianism, which holds that the best action is the one that maximizes utility, typically defined as that which produces the greatest well-being of the greatest number.

Inherently Moral

Pertaining to actions, objects, or decisions considered to possess moral qualities by their very nature.