Which of the Following Are Advantages of Using a Subsidiary

question 30

Multiple Choice

Which of the following are advantages of using a subsidiary ledger and control account system?
I. Removes a mass of detail from the general ledger
II. Allows division of responsibility
III. Provides effective internal control

• A) I and II only.
• B) II and III only.
• C) I and III only.
• D) I, II and III.

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Definitions:

Hydroxide ions

Negatively charged ions made up of one oxygen and one hydrogen atom, symbolized as OH-.

Alkaline Solution

A solution with a pH value greater than 7, indicating it has fewer hydrogen ions than pure water and is commonly referred to as basic.

Basic Solution

A solution that has a pH greater than 7, indicating it has a higher concentration of hydroxide ions than hydrogen ions.

Organic Molecules

Compounds primarily made of carbon atoms, often containing hydrogen, oxygen, and other elements, that are the basis of life.