The Basic Purpose of a Subsidiary Ledger Is To

question 47

Multiple Choice

The basic purpose of a subsidiary ledger is to:

• A)Provide a chronological record of all business transactions.
• B)Provide details about the individual items comprising the balance of a general ledger account.
• C)Enable accountants to prepare financial statements.
• D)Provide persons outside of the organization with detailed information about the company's operations.

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Definitions:

Eosinophils

A type of white blood cell, part of the immune response especially involved in fighting parasites and allergic reactions.

Neutrophils

A type of white blood cell important in the body's defense against infection by engulfing and destroying pathogens.

Hematocrit

The ratio of the volume of red blood cells to the total volume of blood, expressed as a percentage.

Red Blood Cells

Disc-shaped cells essential for transporting oxygen throughout the body using a protein called hemoglobin.