Multiple Choice
The most common way of accommodating the need for detailed records in the accounting system,without grossly expanding the number of separate accounts in the general ledger,is to use the technique of:
A) double-entry accounting
B) subsidiary ledgers and control accounts
C) accrual accounting adjustments
D) cash flow statements.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Wrigley Ltd uses subsidiary ledgers for
Q2: Use the information given below to
Q3: Which of the following statements about a
Q4: Which of the following is NOT a
Q5: Which of the following may NOT be
Q7: Which of the following statements about trade
Q8: Use the information given below to
Q10: Which of these items is the source
Q11: Griffin Ltd made a sale of $800
Q14: Which of the following statements about subsidiary