Indicate whether the following statement is true or false regarding the procedures that must be...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Indicate whether the following statement is true or false regarding the procedures that must be followed at the end of the month regarding to posting from the subsidiary journals?
An error will be noticed at the end of the month if the balance on the trade payables control account in the general ledger is not equal to the total of the creditors list.
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
