Examlex
What determines the price of financial instruments? Which are riskier,capital market instruments or money market instruments? Why?
Subsidiary Ledger
A detailed ledger that contains the breakdown of individual accounts, which supports the balances shown in the general ledger.
Control Accounts
Summary accounts in the general ledger that consolidate the details recorded in subsidiary ledgers for management and reporting purposes.
Accounting System
A system used by businesses for tracking their financial transactions, consisting of various processes, records, and reports.
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