Generally, Subsidiary Ledgers Are Used for Accounts That Consist of a Large

question 31

True/False

Generally, subsidiary ledgers are used for accounts that consist of a large number of individual items.

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Definitions:

Doctrine Of Respondeat Superior

This legal principle holds an employer or principal legally responsible for the wrongful acts of an employee or agent, performed within the scope of employment or agency.

Tortious Behavior

Actions that cause harm or loss to another person, leading to civil legal liability.

Landlord

An owner of property who rents it out to another party, known as a tenant, under an agreement.

Nonemployee Agent

An individual or entity that acts on behalf of another party in a business transaction but is not considered an employee.