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XACC 280 Week 4 Assignment Subsidiary Ledgers and Special Journals
Explain in 300 to 500 words, your answers to the following:
· What are the advantages of the four different special journals? When would you use each type?
· What is a subsidiary ledger and what purpose does it serve?
· What is a control account and what purpose does it serve?
· Which two general ledger accounts may act as control accounts for a subsidiary ledger?
. What are the advantages of using subsidiary ledgers?
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