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Aloiza [94]
3 years ago
8

Which statement about subsidiary ledger is most accurate

Business
2 answers:
s344n2d4d5 [400]3 years ago
4 0
The accounts receivable subsidiary ledger is a book of accounts that provides supporting detail for Accounts Receivable.
DochEvi [55]3 years ago
4 0

Answer: A subsidiary ledger account is a group of accounts in the sense that when these group of accounts are closely observed, the total combined balance equals that of a specific general ledger account.

Explanation:

The subsidiary ledger contains details of a specific general ledger. It acts as an intermediary set of account that connect to the general ledger. Examples of subsidiary (sub) ledger account are account payable ledger, account receivable ledger, fixed assets ledger, inventory ledgers and purchases ledger. Auditors can trace transactions from a subsidiary ledger account to a specific general ledger account and also to the financial statement to be assured that proper transactions of accounts are taken and recorded.

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Answer:

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Explanation:

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g Suppose the Federal Reserve begins to increase the supply of money at an increasing rate. What impact would that have on GDP,
satela [25.4K]

Expansionary monetary policy shifts AD to the right.

<h3>What is Expansionary monetary policy?</h3>
  • Expansionary policy, often known as loose monetary policy, expands the availability of money and credit in order to stimulate economic growth.
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<h3>Impacts on GDP, unemployment, and inflation by the increase of supply of money:</h3>
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Therefore, expansionary monetary policy shifts AD to the right.

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