I would say the answer is D
Answer:
- The balance in the subsidiary ledger will equal the balance of its supported account in the general ledger.
- The account which the subsidiary ledger supports in the general ledger is called a control account.
- It is a supporting ledger that contains detailed information about a general ledger account.
- Two of the most common subsidiary ledgers are for Accounts Payable and Accounts Receivable.
Explanation:
A subsidiary ledger is defined as a supporting ledger that contains details of an account on the general ledger.
It gives a breakdown of the single amount that reflects in a general ledger account.
For example if the accounts payable account has a balance of $50,000, the subsidiary ledger will show the individual transactions that make up the $50,000.
Therefore the balance of the subsidiary ledger will equal the amount in the general ledger account.
The answer is "trade deficit would widen in that country".
A fixed exchange rate regime forces financial discipline on
nations and abridges price inflation. For instance, if a nation expands its
cash supply by printing more money, the expansion in cash supply would prompt price
inflation. Given fixed exchange rates, inflation would make the nation's
merchandise noncompetitive in world markets, while the costs of imports would
turn out to be more appealing in that nation. The outcome would be an
augmenting exchange shortage in the nation, with the nation bringing in more
than it sends out.
Answer:
Both A and B
Explanation:
The original record that contains details that substantiates or supports the original document which will be entered in accounting system is called source document.
They describe basis facts such as amount, purpose and date.
Cancelled checks, credit card receipts and supplies invoices, cash register tapes are examples of source documents.
