For which of the following would a subsidiary ledger and control account system not normally be used?

Name: For which of the following would a subsidiary ledger and control account system not normally be used?
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Question

Quizplus · Accepted Answer

A bank loan typically does not require a subsidiary ledger and control account system because it is usually a single account with straightforward transactions, unlike accounts like inventory or accounts receivable which involve numerous transactions and balances that need detailed tracking.

For Which of the Following Would a Subsidiary Ledger and Control