Which Term Is a General Ledger Account That Consolidates Data

question 13

Multiple Choice

Which term is a general ledger account that consolidates data from a group of related sub-ledger accounts?

• A)Subsidiary ledger
• B)Sub-ledger
• C)Reconciliation account
• D)Line item display
• E)None of the above

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Definitions:

Centralized

The concentration of control or authority in a single organization or location, often in the context of decision-making processes.

Hierarchy Of Authority

An organizational structure where different levels of power and responsibility determine how decisions are made and tasks are assigned.

Centralization

The degree to which decision-making authority is concentrated at higher levels within an organization.

Environmental Factors

External elements, conditions, or influences that impact an individual's behaviors, decisions, and wellbeing.