Which of the following is true of the relationship between subsidiary ledgers and general ledger accounts? a.
Question:
Which of the following is true of the relationship between subsidiary ledgers and general ledger accounts?
a. The two contain different and unrelated data.
b. All general ledger accounts have subsidiaries.
c. The relationship between the two provides an audit trail from the financial statements to the source documents.
d. The total of subsidiary ledger accounts usually exceeds the total in the related general ledger account.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
Question Posted: