Subsidiary ledgers involve unnecessary duplication, increase the opportunity for error and involve a breach of the double-entry

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Subsidiary ledgers involve unnecessary duplication, increase the opportunity for error and involve a breach of the double-entry principle. Under no circumstances can their use be justified.’ Comment critically.

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Financial Accounting An Integrated Approach

ISBN: 9780170411028

7th Edition

Authors: Ken Trotman, Elizabeth Carson

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Question Posted: Aug 20, 2023 06:48 AM

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Subsidiary ledgers involve unnecessary duplication, increase the opportunity for error and involve a breach of the double-entry

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The statement provided suggests a critical view of subsidiary ledgers in financial accounting Lets break down the argument and evaluate its validity 1 ...View the full answer

Financial Accounting An Integrated Approach

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