Multiple Choice
Which of the following are advantages of using a subsidiary ledger and control account system?
I. Removes a mass of detail from the general ledger
II. Allows division of responsibility
III. Provides effective internal control
A) I and II only.
B) II and III only.
C) I and III only.
D) I, II and III.
Correct Answer:
Verified
Correct Answer:
Verified
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