Author Question: When there are a large number of individual accounts with a common characteristic, it is common to ... (Read 56 times)

skymedlock · **on:** Jul 5, 2018

When there are a large number of individual accounts with a common characteristic, it is common to place them ina separate ledger called a(n)
a. general ledger
b. income statement ledger
c. group ledger
d. subsidiary ledger

Question 2

An entity can be a component unit of how many primary governments in the same fiscal year?

a. 1
b. 2
c. 3
d. 4 or more