Which of the following would not be included in a good recording system?
A)A well thought out chart of accounts
B)A method of cross-referencing transactions
C)The elimination of subsidiary records
D)A well-developed system of ledger accounts

Question

Quizplus · Accepted Answer

The elimination of subsidiary records is not a good practice in recording systems as these records provide important details and backup for the transactions recorded in the main ledger accounts. A good recording system should have a well thought out chart of accounts, a method of cross-referencing transactions, and a well-developed system of ledger accounts.

Which of the Following Would Not Be Included in a Good