Subsidiary ledgers:
A) Would not contain the detailed information of a customer's account
B) Would contain the detailed information of a customer's account
C) Would contain only information related to secondary interests of the organization
D) Would not be utilized in automated accounting processes
Correct Answer:
Verified
Q49: Posting to the general ledger occurs:
A)As the
Q50: Select the correct statement from the following:
A)The
Q51: Today's automated accounting process:
A)Is built on a
Q52: In the case of a manual accounting
Q53: Special journals are:
A)Utilized for infrequent special journal
Q55: Closing entries:
A)Close all of the general ledger
Q56: When special journals are utilized:
A)A general journal
Q57: Today's automated accounting process:
A)Helps the user by
Q58: In automated accounting:
A)Paper vouchers are still required
Q59: Special journals include the:
A)Accounts receivable journal
B)Accounts payable
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