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A subsidiary ledger is a group of accounts that provides supporting details on individual balances, the total of which appears in a general ledger account.True
- A subsidiary ledger is a group of accounts that provides supporting details on individual balances, the total of which appears in a general ledger account.True or False?
- If special journals are used, the purchase of merchandise for cash would be recorded in the cash payments journal. True or False?
- The account that is credited for every transaction entered in the purchases journal is:
A)accounts receivable.B)cash.C)accounts payable. D)sales discounts.
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