Asked by Rachel Dominguez on Jun 07, 2024

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Postings are generally made more frequently to the general ledger control accounts than to the individual accounts in the subsidiary ledgers.

General Ledger Control Accounts

Accounts used to summarize the total balances of several subsidiary accounts, facilitating the reconciliation and reporting process.

Subsidiary Ledgers

Detailed ledgers that contain information supporting accounts listed in the general ledger, such as details on accounts receivable, accounts payable, etc.

  • Ascertain the methodologies and importance of registering transactions in accounting protocols.
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MN
Merna NaamoJun 12, 2024
Final Answer :
False
Explanation :
Subsidiary ledgers typically have more frequent postings because they detail the individual transactions that roll up into the general ledger's control accounts.