Merits of the four different special journals

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Reference no: EM13151476

o What are the advantages of the four different special journals? When would you use each type?

o What is a subsidiary ledger and what purpose does it serve?

o What is a control account and what purpose does it serve?

o Which two general ledger accounts may act as control accounts for a subsidiary ledger?

o What are the advantages of using subsidiary ledgers?

Reference no: EM13151476

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