Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

All of the following are advantages of using subsidiary ledgers except they a. eliminate errors in individual accounts. b. free the general ledger of excessive

image text in transcribed
All of the following are advantages of using subsidiary ledgers except they a. eliminate errors in individual accounts. b. free the general ledger of excessive details. c. show, in a single account, transactions affecting one customer or d. make possible a division of labor. 7 one creditor, Which of the following is not an advantage of a subsidiary ledger? Shows transactions affecting one customer or one creditor in a single account. 8 a. b. Helps locate errors in individual accounts. c. Puts greater detail in the general ledger. d. Makes possible a division of labor. Credit sales of assets other than merchandise are recorded in the 9. a. cash payments journal. b. cash receipts journal. c. general journal. d. sales journal

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials of Accounting for Governmental and Not-for-Profit Organizations

Authors: Paul A. Copley

10th Edition

007352705X, 978-0073527055

Students also viewed these Accounting questions