When a large number of individual accounts with a common characteristic are grouped together, accounting calls this a controlling account.
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Q22: The customers ledger and the creditors ledger
Q30: Adjusting journal entries are recorded in a
Q34: The purchase of supplies for cash would
Q34: The post reference column of the revenue
Q35: Closing journal entries are recorded in the
Q36: Purchase journals will have an Other Accounts
Q38: The use of subsidiary ledgers is limited
Q41: Match the following types of journal transactions
Q42: Select the correct subsidiary ledger and appropriate
Q43: Updating information in a computerized accounting system
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