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Author Question: A major advantage of controlling accounts is that their use makes it possible to reduce the number ... (Read 105 times)

fbq8i

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on: Jul 6, 2018
A major advantage of controlling accounts is that their use makes it possible to reduce the number of
 a. entries in subsidiary ledgers.
   b. columns in special journals.
   c. accounts in the general ledger.
   d. all of these.
   e. none of these.

Question 2

Expenses in a nonexpendable (proprietary) fund would potentially include
 
  a. salaries and wages.
  b. capital outlay.
  c. long-term debt principal retirement.
  d. long-term debt interest.
  e. Items a and d only.
  f. Items b and c only.


tashiedavis420

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Reply #1 on: Jul 6, 2018
Answer to Question 1

c

Answer to Question 2

E


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