The General Rule for Posting Is That the Controlling Account

question 68

True/False

The general rule for posting is that the controlling account is debited periodically for an amount equal to the sum of the debits to the subsidiary ledger, and is credited periodically for an amount equal to the sum of the credits to the subsidiary ledger.

---

Definitions:

Retail Life Cycle

The progression of stages that a retail business goes through, from introduction to growth, maturity, and decline.

Multiple Outlets

Refers to the presence of a business or brand in several retail locations or sales channels to increase market reach and accessibility to consumers.

Accelerated Development

A strategy that speeds up the development process of products or projects to bring them to market faster than typically expected.

Market Share

The percentage of an industry's sales that a specific company controls.