What are subsidiary ledgers and control accounts, and why are they used? Describe how they work.

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Intermediate Accounting Reporting and Analysis

ISBN: 978-1111822361

1st edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Question Posted: Sep 11, 2016 11:11 AM

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What are subsidiary ledgers and control accounts, and why are they used? Describe how they work.

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A subsidiary ledger is a group of accounts all of which relate to one specific company activity s...View the full answer

Intermediate Accounting Reporting and Analysis

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