Mathematics · Sectional Balancing System
Select the correct statement regarding the sectional balancing system in accounting.
- 1The total account (control account) for each of the subsidiary ledgers is opened in the general ledger✓
- 2Double entry is ensured by opening control accounts in both 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 (control account) for each of the subsidiary ledgers is opened in the general ledger
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