Subsidiary and special ledgers


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?

Request for Solution File

Ask an Expert for Answer!!
Other Subject: Subsidiary and special ledgers
Reference No:- TGS01082481

Expected delivery within 24 Hours