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Dovator [93]
2 years ago
15

Which term is a general ledger account that consolidates data from a group of related sub-ledger accounts

Business
1 answer:
kakasveta [241]2 years ago
4 0

A <u>reconciliation account</u> is a term that is used to describe an account in the general ledger that consolidates data from a group of sub-ledger accounts that are related.

<h3>Types of Reconciliation</h3>

The following are types of reconciliation accounts:

  • Bank reconciliation
  • Vendor reconciliation
  • Customer reconciliation etc.

Reconciliation accounts are useful for showing or explaining the difference between two financial records.

See the link below for more about the reconciliation account:

brainly.com/question/2517755

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