The Main Reason for Using Control Accounts and Subsidiary Ledgers

question 38

Multiple Choice

The main reason for using control accounts and subsidiary ledgers is:

• A) to separate the accounting tasks between employees.
• B) to enable more timely and efficient processing.
• C) to allow the manual system to be more easily computerised.
• D) to reduce the number of mistakes in the recording process.

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Definitions:

Constructive Conflict

A type of conflict that, despite disagreements, leads to positive outcomes such as improved understanding, growth, or resolution of the problem.

Costs

Costs refer to the monetary value of resources spent or sacrificed to achieve a specific objective or operate a business.

Benefits

Various forms of value or services that organizations provide to their employees beyond wages, such as health insurance, retirement plans, and paid time off.

Constructive Conflict

A type of conflict in which disagreement or differences are dealt with in a positive manner, leading to innovative solutions and mutual respect among parties.