(a) When do companies normally post to? (1) The subsidiary accounts and (2) The general ledger control...

Question:

(a) When do companies normally post to?
(1) The subsidiary accounts and
(2) The general ledger control accounts?
(b) Describe the relationship between a control account and a subsidiary ledger.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Principles

ISBN: 9781118566671

11th Edition

Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso

See More Books

Question Posted: Sep 20, 2011 08:16 AM

See More Questions

Post the following entry to the general ledger and subsidiary ledger. GENERAL JOURNAL Post. Ref. Page 52 Date 20-- August 16 Sales Returns and Allowances Description Debit Credit 2 8 6 42 Accounts...
A customer account in the accounts receivable subsidiary ledger of Landon Old Company follows. Describe the three posted transactions. ACOB WAITS Balance Date Post.Rf. DebCredit Debit Credit Nov. 1 9...
A vendor account in the accounts payable subsidiary ledger of Frank Company follows. Describe the three posted transactions. LESLIE CARTER Balance Date Post. Ref. Debit Credit Debit Credit 1,800...
Consider the following graph. 2 7 6 C 10 10 H 11 E 12 15 14 (a). Find a minimum spanning tree of the graph using Kruskal's algorithm. List the edges in the order they are put into the tree. (b)....
On December 2, 2017, Miles executed and delivered to Proctor a negotiable promissory note for $1,000, payable to Proctor or order due March 2, 2018, with interest at 14 percent from maturity, in...
My employer monitors my e-mail and internet usage at work and tracks my location through the GPS feature of my cell phone. I receive work- related text messages or voice mails almost every day of the...
Describe key components of the U.S. financial market system?
1. Consider an accounting firm with two accountants. a. Fill in the blanks in the following table. b. Quigley has a comparative advantage in_____________, while Slokum has a comparative advantage...
"Managing Away Bad Habits Team Assignment Organizational Behavior IILeadership Assigned is ashort case from the exercise Managing Away Bad Habits. The task is to develop a turnaround strategy for...
Raytheon Companys 2018 Form 10-K states that sales to the U.S. government comprise 68% of its 2018 total net sales and sales to foreign governments through the U.S. government comprise 13% of its...
What are the advantages of using subsidiary ledgers?
Identify and explain the four special journals discussed in the chapter. List an advantage of using each of these journals rather than using only a general journal.
In Problem 59, suppose the observer walks toward one speaker with a speed of 1.35 m/s. (a) What frequency does the observer hear from each speaker?. (b) What beat frequency does the observer hear?...
Explore one Senge's system law that impacts you. For this law,please do the following: Describe a Sengesystem law that impacts your performance. Discuss how it impacts your performance. Provide three...
In the United States, has the real net balance of trade been in surplus or deficit in the last 40 years? What has been the trend of the trade balance? Is the deficit greater or has it been reduced?...
The United States was running a $360 billion trade deficit with China in 2021. Suppose the Phase One Deal between the U.S. and China leads to a decrease in U.S. computer imports from China by $20...
Based on the law to guarantee equal employment opportunities: What does the law establish? What sanctions apply to anyone who violates the Law mentioned above?
Add. 5 9a + 6a Simplify your answer as much as possible.
Critics of taxing consumption rather than income argue that a. switching to a consumption tax would benefit the rich. b. private saving does not respond much to tax incentives. c. reducing the budget...
Consider the following cash flows in Table P5.5. (a) Calculate the payback period for each project. (b) Determine whether it is meaningful to calculate a payback period for project D. (c) Assuming...
True OR False: Most computers typically fall into one of three types of CPU organization: (1) General register organization, (2) Single accumulator organization, (3) Stack organization.
(a) Explain the similarities and differences between standards and budgets. (b) Contrast the accounting for standards and budgets.
(a) Explain the similarities and differences between standards and budgets. (b) Contrast the accounting for standards and budgets.
(a) Explain the similarities and differences between standards and budgets. (b) Contrast the accounting for standards and budgets.
Jamie Lee is attracted to the low monthly payment advertised for a vehicle lease. She may well be able to afford a more expensive car than she originally thought. Jamie Lee really needs to think this...
Explain virtual hosting and how to use either name-based or IP-based virtual hosting.?
Discuss the role of literary allusion in satire as a means of subverting conventions and critiquing societal norms.

(a) When do companies normally post to? (1) The subsidiary accounts and (2) The general ledger control...

Question:

Step by Step Answer:

a 1 Transactions to subsidiary accounts are generally posted daily 2 In contrast posti...View the full answer

Accounting Principles

Students also viewed these Accounting questions