Subsidiary Ledgers Are Not Needed in Perpetual Inventory Systems Because

question 163

True/False

Subsidiary ledgers are not needed in perpetual inventory systems because the accounting system captures sufficient details to support analyses that decision makers need.

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Definitions:

High-Performance

Describes systems, organizations, teams, or individuals that achieve superior results relative to their goals and resources.

Contingency Planning

The process of developing responses in advance for various possible emergencies, crises, or unexpected conditions.

Manage Risk

The process of identifying, assessing, and controlling threats to an organization's capital and earnings.

Initiating Structure

A leadership behavior that involves the organization and definition of work tasks, establishing clear patterns of organization, communication, and ways of getting tasks done.