A Subsidiary Ledger Is a Record of Accounts That Provides

question 106

True/False

A subsidiary ledger is a record of accounts that provides supporting details on individual balances,the total of which appears in a general ledger account.

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Definitions:

Balancing Act

The effort to maintain stability between different forces, demands, or aspects in a situation.

Sustainable Venture

A business endeavor designed to operate while keeping environmental, social, and financial viability in mind, ensuring long-term resilience and success.

Economic

Pertaining to the production, distribution, and consumption of goods and services, and the management of wealth.

Environmental

Pertaining to the natural world and the impact of human activity on its condition.