Companies Create Subsidiary Ledgers to Divide Accounting Tasks and to Reduce

question 12

True/False

Companies create subsidiary ledgers to divide accounting tasks and to reduce the size of the general ledge, while keeping up to date records of customers and suppliers. This process is also used to minimize errors in recording transactions.

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Definitions:

Real Estate Agent

A licensed professional who represents buyers or sellers in real estate transactions, facilitating the sale or lease of properties.

Agency

A business or organization established to provide a particular service, typically one involving arranging transactions between two other parties.

Environmental Audits

Evaluations conducted to assess the environmental compliance and performance of an organization or facility against regulatory standards and requirements.

Contaminated

Having been made impure or harmful by the introduction of pollutants, pathogens, or other hazardous materials.