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
Q1: How many of the following are
Q2: Which of these does not normally provide
Q4: The limitations of internal control systems include:
A)
Q5: The accounts receivable subsidiary ledger shows
Q6: Which of the following statements is correct?
A)
Q7: Which of the following would not normally
Q8: The assignment of tasks so that the
Q9: Which of the following statements relating to
Q10: The main reason for using control accounts
Q11: The three phases in the development of
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