The Basic Purpose of a Subsidiary Ledger Is To

question 47

Multiple Choice

The basic purpose of a subsidiary ledger is to:

• A)Provide a chronological record of all business transactions.
• B)Provide details about the individual items comprising the balance of a general ledger account.
• C)Enable accountants to prepare financial statements.
• D)Provide persons outside of the organization with detailed information about the company's operations.

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Definitions:

Contralateral

Relating to or affecting the opposite side of the body.

Otitis Externa

An infection of the outer ear canal, often referred to as swimmer's ear, leading to inflammation, redness, and pain.

Ototoxic

Refers to substances that can cause temporary or permanent hearing loss or balance disorders due to damage to the inner ear.

Stapes

The smallest bone in the human body, located in the middle ear, and is involved in the conduction of sound vibrations to the inner ear.