Z Company Uses a Subsidiary Ledger and Control Account System

question 37

Multiple Choice

Z Company uses a subsidiary ledger and control account system for its accounts receivable.At the end of the accounting period a listing of customers' accounts is prepared from the subsidiary ledger.The purpose of this listing is to:

• A)Furnish the amount that should be posted to the accounts receivable control account
• B)Determine whether the debits equal the credits in the subsidiary ledger
• C)Prove that the subsidiary ledger agrees with the control account
• D)Provide information necessary for trial balance preparation

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Definitions:

Neglect

Failing to care for or attend to something or someone, often leading to negative consequences or deterioration.

Quality of Work

The degree to which a job or task is executed or performed with excellence, meeting or exceeding the standards or requirements.

Less Effort

Less effort refers to achieving a goal or completing a task with minimal physical or mental exertion.

Affective Organizational Commitment

The emotional attachment and identification that an employee has towards their organization, influencing their desire to remain part of it.