Why are control account balances reported in external


Why are control account balances reported in external financial statements while subsidiary account balances are not? Are subsidiary account balances useful to anyone? Who?

Solution Preview :

Prepared by a verified Expert
Financial Accounting: Why are control account balances reported in external
Reference No:- TGS0776595

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)