Multiple Choice
Which term is a general ledger account that consolidates data from a group of related sub-ledger accounts?
A) Subsidiary ledger
B) Sub-ledger
C) Reconciliation account
D) Line item display
E) None of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Parallel accounting consists of implementing multiple ledgers
Q9: Financial accounting Fl)is concerned with recording the
Q10: A cost center: <br>A)Absorbs costs<br>B)Can be associated
Q11: What are the primary ways in which
Q12: Which of the following statements concerning reconciliation
Q14: Which term represents the costs associated with
Q15: Which process is used to manage money
Q16: Account currency determines the currency in which
Q17: Which of the following records the impact
Q18: Accounts payable accounting is concerned with vendors.