How Many of These Are Advantages of Using a Subsidiary

question 42

Multiple Choice

How many of these are advantages of using a subsidiary ledger and control account system?
Removal of a mass of detail from the general ledger
Ease of operation by responsible staff
Improved internal control

• A) 0
• B) 1
• C) 2
• D) 3

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Definitions:

Inflation Rate

The proportionate escalation in prices for goods and services within an economy during a specified time period.

Technological Advance

The improvement or innovation in technology, which contributes to increased productivity, efficiency, and potentially new products or services.

E-commerce

Buying and selling on the Internet.

Discounters

Retailers or sellers that offer goods and services at lower prices by reducing overhead costs and margins, often leading to high volume sales.