Solved

To Check for Accuracy After Posting: First a Trial Balance

Question 159

True/False

To check for accuracy after posting: first a trial balance is completed, then, the subsidiary ledgers are tested by preparing a schedule of the controlling account.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q18: _ provide the basic information processed by

Q19: The _ principle requires that an accounting

Q108: _ is the accounting system component that

Q146: What are controlling accounts and subsidiary ledgers?

Q154: A record that contains all accounts (with

Q157: Match the following terms with the appropriate

Q158: Information storage:<br>A) Eliminates the need for professional

Q160: A company entered into the following transactions.

Q162: The accounts payable ledger has a controlling

Q164: If the total balance of the accounts