Jermyn argues that if the balance in the inventory subsidiary ledger must equal the balance in the

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Jermyn argues that if the balance in the inventory subsidiary ledger must equal the balance in the Merchandise Inventory control account in the general ledger, then there is no reason for using a subsidiary ledger. Do you agree or disagree? Explain.

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Accounting Principles Part 1

ISBN: 978-1118306789

6th Canadian edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Kinnear, Joan E. Barlow

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Question Posted: Mar 15, 2017 11:13 AM

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Jermyn argues that if the balance in the inventory subsidiary ledger must equal the balance in the

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Disagree An inventory subsidiary ledger is used to organize and t...View the full answer

Accounting Principles Part 1

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