Question: How is a subsidiary ledger different from a general ledger
How is a subsidiary ledger different from a general ledger?
Answer to relevant QuestionsIn what way are subsidiary ledgers and special journals replicated in accounting software?Does the general ledger provide all information necessary for internal reports?For each report below, indicate whether the report is likely to be for internal or external users (some reports may be both), and whether data would come exclusively from the general ledger. The format would be:Why is the monitoring of funds flow an important underlying part of investment processes?Why is it important for companies to store transaction data?
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