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What are the advantages of using subsidiary ledger

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Problem 1. Describe the relationship between a control account and a subsidiary account?

Problem 2. What are the advantages of using subsidiary ledger?

Problem 3. It is important that both the amount of the control account and the sum of the subsidiary ledgers is equal, if there's a discrepancy between the two balances, what is its implication?

Reference no: EM132836500

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