Explain the nature of subsidiary ledgers, and give two specific examples. For each of these examples, explain

Question:

Explain the nature of subsidiary ledgers, and give two specific examples. For each of these examples, explain
(1) The unit of organization within this ledger, and
(2) The usefulness of this ledger in business operations.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Essentials of Materials Science and Engineering

ISBN: 978-1111576851

3rd edition

Authors: Donald R. Askeland, Wendelin J. Wright

See More Books

Question Posted: Sep 20, 2017 10:34 AM

See More Questions

Explain the nature of non-current assets.
Explain the nature of the risk-based capital ratio.
Explain the nature of deferred income taxes, including how they arise and what they represent.
Cindy purchased a building for $1,000,000. How should she deal with the expense on her tax return? a) She must deduct the $1,000,000 in the year of purchase. b) She must not deduct anything and wait...
Consider the sentence ?Someone walked slowly to the supermarket? and the following lexicon: Pronoun ? someone V ? walked Adv ? slowly Prep ? to Det ? the Noun ? supermarket Which of the following...
Olathe Company exchanges old delivery equipment for new delivery equipment. The book value of the old delivery equipment is $31,000 (cost $61,000 less accumulated depreciation $30,000). Its fair...
Why is it important to determine activity sequencing on projects? Discuss diagrams you have seen that are similar to network diagrams. Describe their similarities and differences. LO.1
According to The Wall Street Journal, Mitsubishi Motors recently announced a major restructuring plan in an attempt to reverse declining global sales. Sup-pose that as part of the restructuring plan...
Example 7.33. Find the cubic spline interpolation for the data : 966 : 1 2 3 4 5 1 0 1 0 1
Massey Energy (MEE) is a mining company that processes and ships coal, operating 30 underground mines and 13 surface mines in West Virginia, Kentucky and Virginia. The company's steam coal is...
TheSmokingJacket.com, designed to entertain the magazine's core readership, males between the ages of twenty five and thirty-four, as they goof off on the job. Hiding its true origin, the new Web...
The objective function always includes all of the decision variables, but that is not necessarily true of the constraints. Explain the difference between the objective function and the constraints....
Find the values of the trigonometric functions. Round off results according to Table 4.1. cos 0.7 Data from Table 4.1 Angles and Accuracy of Trigonometric Functions Measurements of Angle to Nearest 1...
Describe in your own words how you would expect the data points on a scatterplot to be distributed if the following features were present (i.e. for each part, explain how the feature would look on a...
imagine this experimental setup: One temperature probe is in embedded in a small block of frozen sugar water at -20. The frozen sugar water is in a small test tube The melting/freezing point of this...
Question 2: (40 points: 10 each) During September, Sweet Foods manufactures a single product. The Company's material purchases amounted to 9,000 pounds at a price of $9.80 per pound. Actual costs...
E12-23 (Algo) (Supplement 12B) Preparing a Statement of Cash Flows, Indirect Method: T-Account Approach [LO 12-S2] Golf Goods Incorporated is a regional and online golf equipment retailer. The...
A symmetric compound channel in over bank flow has a main channel with a bottom width of 30 m, side slopes of 1:1, and a flow depth of 3m. The floodplains on either side of the main channel are both...
((0.05)(0.5)) / ((5)(0.005)) =
Consider the circuit of Fig. 7.97. Find v0 (t) if i(0) = 2 A and v(t) = 0. 1 3 ett)
Describe the current convergence efforts of the FASB and IASB in the area of accounting for taxes.
Describe the current convergence efforts of the FASB and IASB in the area of accounting for taxes.
Describe the current convergence efforts of the FASB and IASB in the area of accounting for taxes.
Indicate whether the following managerial policy increases the risk of a death spiral:Use of low operating leverage for productionGroup of answer choicesTrueFalse
It is typically inappropriate to include the costs of excess capacity in product prices; instead, it should be written off directly to an expense account.Group of answer choicesTrueFalse
Firms can avoid the death spiral by excluding excess capacity from their activity bases. Group of answer choicesTrueFalse

Explain the nature of subsidiary ledgers, and give two specific examples. For each of these examples, explain

Question:

Step by Step Answer:

Subsidiary ledgers are subsidiaries of General ledger Subsidiary ledgers are prepa...View the full answer

Essentials of Materials Science and Engineering

Students also viewed these Cost Accounting questions