- CheckPoint: Subsidiary Ledgers and Special Journals
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· Explain in 250 to 300 words, your answers to the following:
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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?
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