When control and subsidiary accounts are involved there must be a dual posting.
Correct Answer:
Verified
Q34: Only transactions that cannot be entered in
Q35: Each general ledger control account balance must
Q36: In developing an accounting system cost effectiveness
Q37: Which of the following is not a
Q38: An accounting information system involves data collection
Q40: Postings are generally made more frequently to
Q41: Postings are made daily to subsidiary ledgers
Q42: A company which uses special journals should
Q43: Postings are made daily to the
A) Accounts
Q44: In which journal would a cash purchase
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents