XACC 280 week 4 CheckPoint Subsidiary Ledgers and Special Journals - 10173

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CheckPoint: Subsidiary Ledgers and Special Journals

 

·        Due Date: Day 4 [post to the Assignments section of the Classroom]

·        Explain in 250 to 300 words, your answers to the following:

 

o   What are the advantages of the four different special journals? When would you use each type?

o   What is a subsidiary ledger and what purpose does it serve?

o   What is a control account and what purpose does it serve?

o   Which two general ledger accounts may act as control accounts for a subsidiary ledger?

o   What are the advantages of using subsidiary ledgers?

 

Solution Description

CheckPoint: Subsidiary Ledgers and Special Journals

 

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subsidiary ledgers.docx
subsidiary ledg...