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8.Which of the following is not an advantage of a subsidiary ledger? a. Shows transactions affecting one customer or one creditor in a single account.
8.Which of the following is not an advantage of a subsidiary ledger? a. Shows transactions affecting one customer or one creditor in a single account. b. Helps locate errors in individual accounts c. Puts greater detail in the general ledger. d. Makes possible a division of labor 9. Credit sales of assets other than merchandise are recorded in the a. cash payments journal. b. cash receipts journal. c. general journal d. sales journal 10. When the totals of the sales journal are posted at the end of the month, there will be credits to a. Sales and Merchandise Inventory and debits to Accounts Receivable and Cost of Goods Sold b. Accounts Receivable and Cost of Goods Sold and debits to Sales and Merchandise Inventory c. Sales and debits to each individual customer account. d. the Sales account only, and no debits
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