Subsidiary Ledgers Do All of the Following Except

question 106

Multiple Choice

Subsidiary ledgers do all of the following except:

• A) Remove excessive detail from the general ledger.
• B) Provide up-to-date information on customer or other specific account balances.
• C) Aid in error identification for individual accounts.
• D) Help with division of labor (recordkeeping tasks).
• E) Eliminate the need for individual postings to the customer or supplier accounts.

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Definitions:

Stare Decisis

A legal principle ensuring that judges are bound to follow precedents set by previous decisions in similar cases.

Administrative Law

Administrative law governs the activities of administrative agencies of government, including rule making, adjudication, or the enforcement of a specific regulatory agenda.

Government Agency

A government agency is an organization run by the government to carry out specific functions or services following certain regulations.

U.S. Constitution

The foundational legal document establishing the framework of government and fundamental laws of the United States of America.