XACC 280 week 4 CheckPoint Subsidiary and Special Ledgers Journals

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Week 4:

 

 

 

CheckPoint: Subsidiary Ledgers and Special Journals

 

• Explain in 250 to 300 words, your answers to the following:

 

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?

    • 11 years ago
    XACC 280 week 4 CheckPoint Subsidiary and Special Ledgers Journals
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