Why do entities divide assets, liabilities, and owners' equity into sub-accounts rather than accumulating data simply as

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Why do entities divide assets, liabilities, and owners' equity into sub-accounts rather than accumulating data simply as assets, liabilities, and owners' equity?

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Financial Accounting A Critical Approach

ISBN: 978-1259066528

4th edition

Authors: John Friedlan

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Question Posted: Feb 26, 2015 10:26 AM

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Why do entities divide assets, liabilities, and owners' equity into sub-accounts rather than accumulating data simply as

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Dividing accounts into subaccounts provides detailed i...View the full answer

Financial Accounting A Critical Approach

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