Solved

Which of the Following Are Advantages of Maintaining a Subsidiary

Question 49

Multiple Choice

Which of the following are advantages of maintaining a subsidiary ledger for depreciable assets?
I. It provides information for the preparation of income tax returns.
II. It provides information concerning servicing of the assets.
III. It provides information for internal control over assets.
IV. It provides information to support insurance claims in the event of loss from theft or accident.


A) I, II and III only
B) I, II and IV only
C) II and IV only
D) I, II, III and IV

Correct Answer:

verifed

Verified

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

Related Questions