A major advantage of controlling accounts is that their use makes it possible to reduce the number of
A) entries in subsidiary ledgers.
B) columns in special journals.
C) accounts in the general ledger.
D) all of these.
E) none of these.
Correct Answer:
Verified
Q33: A liability account used to record sales
Q34: The account used to record transportation costs
Q35: Freight charges may be
A) listed separately on
Q36: A single summarizing account in the general
Q37: The ledger that provides a separate record
Q39: An account that is used to record
Q40: Chandler Company bought goods from Lisel Company,
Q41: Jackson Co. sold merchandise on account to
Q42: Jackson Company uses the perpetual inventory system.
Q43: Lasalle Co. sold merchandise on account in
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