The advantages of subsidiary ledgers include all of the following except
A) moving excessive details to the general ledger.
B) showing transactions that affect one customer or creditor in a single account.
C) helping locate errors in individual accounts.
D) freeing the general ledger from excessive detail
Correct Answer:
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Q107: GST is 5% on most transactions.
Q108: The cash payments journal shows
A) all payments
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Q116: The advantage(s) of subsidiary ledgers include
A) freeing
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