In accounting, the controlling account is an account in the general ledger for which a corresponding subsidiary ledger has been created. The subsidiary ledger allows for tracking transactions within the controlling account in more detail.
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Answer:
B. Real wages for university employees will rise.
Explanation:
Increase in income is @ 5%, and that the actual inflation is only 4% that is less than the increase in income. Accordingly, the company is paying more to the employees, and accordingly their wages have increased.
The amount of money available in real terms is more than the actual money, held by the employees earlier.
This is all because the actual increase in inflation rate is less than the increase in salary of employees.
Services are typically intangible.