Which role do properly linked accounts not perform for a purchase invoice -

Question

Quizplus · Accepted Answer

Properly linked accounts primarily ensure that all relevant subsidiary ledgers are updated simultaneously when a transaction is recorded, such as a purchase invoice. This linkage does not directly perform a specific task like recording HST, freight expenses, or purchase discounts; instead, it facilitates the accurate and efficient updating of financial records across various accounts and ledgers. Recording specific items like HST, freight expenses, or purchase discounts involves specific accounting entries that are not about the linkage of accounts but rather about the proper accounting treatment of these items.

Which Role Do Properly Linked Accounts Not Perform for a Purchase