Explain in 250 to 300 words, your answers to the following: • What are the advantages of the four different special journals? When would you use each type? • What is a subsidiary ledger and what purpose does it serve? • What is a control account and what purpose does it serve? • Which two general ledger accounts may act as control accounts for a subsidiary ledger? • What are the advantages of using subsidiary ledgers?
- 10 years ago
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