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December 20, 2014

Homework Help: business

Posted by brit on Friday, April 16, 2010 at 2:38am.

o What are the advantages of the four different special journals? When would you use each type?
o What is a subsidiary ledger and what purpose does it serve?
o What is a control account and what purpose does it serve?
o Which two general ledger accounts may act as control accounts for a subsidiary ledger?
o What are the advantages of using subsidiary ledgers?

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