Which of the following statements about the advantages of using subsidiary ledgers and control accounts are correct?

I. Shows transactions in a single control account in the general ledger providing up to date information

II$.$ Frees the general ledger of excessive detail

III. Duplicating information in the subsidiary ledger and general ledger provides better internal control

IV$.$ Enables segregation of duties

Question $16$ Answer

a$.$

i$,$ ii$,$ iii, iv

b$.$

i$,$ ii$,$ iv

c$.$

ii$,$ iv

d$.$

i$,$ iii

e$.$

i$,$ iii, iv