Which of the following is used to implement multiple ledgers and use each ledger for different purposes?
A)Financial accounting document
B)Subsidiary ledger
C)Sub-ledger
D)Parallel Accounting
E)None of the above

Question

Quizplus · Accepted Answer

Parallel Accounting is used to maintain multiple ledgers for different accounting principles or purposes, allowing organizations to comply with various regulatory requirements and internal reporting needs simultaneously.

Which of the Following Is Used to Implement Multiple Ledgers