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:

Benefits Administration

The process and system by which employee benefit programs are designed, implemented, and managed by an organization.

Information Technology Management

Refers to the process of overseeing all matters related to information technology operations and resources within an organization.

Human Resources

The department within an organization that is responsible for hiring, training, managing, and supporting its workforce.

Transactional Work

Routine, day-to-day tasks that support the basic operations of a business, typically requiring less creativity and more process-oriented skills.