Accounting · Self Balancing and Sectional Balancing
Select the correct statement regarding the sectional balancing system.
- 1The total account for each of the subsidiary ledgers is opened in the general ledger✓
- 2Double entry is ensured by opening control accounts in the subsidiary ledgers and the general ledger
- 3An adjustment account for the general ledger is opened in the subsidiary ledgers
- 4A separate trial balance can be made from sectional ledgers
Correct answer
The total account for each of the subsidiary ledgers is opened in the general ledger
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