Multiple Choice
When both control and subsidiary accounts are used
A) both the control and subsidiary account must be identified in journalizing.
B) for posting, it is a dual process, once to the subsidiary and once to the control account.
C) both a and b
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q45: When office supplies are purchased, the amount
Q46: Postings to the control account are made
Q47: HST is remitted to the<br>A) Minister of
Q48: A return of merchandise to the supplier
Q49: The value in use calculation for an
Q51: GST applies at a rate of _
Q52: In a perpetual inventory system, the purchases
Q53: Having a sales journal means that only
Q54: When the contractual rate and market rates
Q55: Lawn-care services of $ 350 were provided