Which of the Following Statements About Controlling Accounts and Subsidiary

question 23

Multiple Choice

Which of the following statements about controlling accounts and subsidiary ledgers is incorrect?

• A)A subsidiary ledger is a ledger separate from the general ledger.
• B)A controlling account is an account in the subsidiary ledger.
• C)A controlling account maintains the total of the individual account balances in a subsidiary ledger.
• D)A subsidiary ledger contains a group of related accounts,such as a list of customers.

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Definitions:

Type A

A personality type characterized by competitiveness, impatience, and a high level of stress.

Type B

A personality type characterized by a more relaxed, less competitive, and less stress-prone behavior pattern compared to Type A.

Heart Disease

A broad term for a variety of diseases affecting the heart and blood vessels, such as coronary artery disease, heart failure, and arrhythmias.

Positivity

The practice or tendency of being optimistic in attitude and focusing on the good aspects of any situation.