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Ivahew [28]
3 years ago
14

Subsidiary ledgers ______.

Business
1 answer:
goldenfox [79]3 years ago
6 0

Answer:

The correct answer is letter "B": may be used for various general ledger accounts.

Explanation:

Subsidiary ledgers are used in the record-keeping of large companies when transactions of an account should be reported in detail but the information size is overwhelming. Usually, subsidiary ledgers are implemented in sales firms. The subsidiary ledger is part of a general account that is frequently posted so only general precise information is recorded in the general account.  

<em>Examples of subsidiary ledgers are Accounts Payable Ledger, Accounts Receivable Ledger, Purchases Ledger, and Inventory Ledger just to mention a few.</em>

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3 years ago
Rachel's Recordings reported net income of $270,000. Beginning balances in Accounts Receivable and Accounts Payable were $17,000
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Answer:

Cash flow from operating activities 284,500

Explanation:

net income                                    270,000

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change in AP

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total change in working capital        14,500

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(A)

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(B)

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3 years ago
One of the advantages associated with television as an advertising medium is that it:
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It has a bigger audience and reaches put to people of all ages
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2 years ago
XYZ Co. has forecasted June sales of 400 units and July sales of 700 units. The company maintains ending inventory equal to 125%
Gnesinka [82]

Answer:

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3 years ago
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