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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


Definitions:

Mayflower Compact

The Mayflower Compact was a foundational document for the governance of the Plymouth Colony, signed in 1620 by the Pilgrims aboard the Mayflower. It is often cited as a pioneering example of democratic governance and a social contract in the American colonies.

Representative Assembly

A legislative body composed of individuals elected to represent the interests of their constituents.

Separatists

Individuals or groups who seek a formal withdrawal from an established organization, state, or alliance.

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