A Major Advantage of Controlling Accounts Is That Their Use

question 10

Multiple Choice

A major advantage of controlling accounts is that their use makes it possible to reduce the number of

• A) entries in subsidiary ledgers.
• B) columns in special journals.
• C) accounts in the general ledger.
• D) all of these.
• E) none of these.

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Definitions:

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Broad plans or sets of actions designed to achieve specific goals or outcomes within an organization or individual endeavor.

Commission-Based

A payment model where compensation is tied directly to performance, such as the amount of sales generated or the success in meeting specified goals.

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