Explain the purpose and contents of the general ledger master file
The general ledger master file is the main file on the general ledger database. It is based on the firm's chart of accounts. Each record is either a general ledger account (e.g., sales) or a control account (e.g., the accounts payable control) for one of the subsidiary ledgers. The general ledger master file contains the following for each account: the account number, description, account class (e.g., asset), the normal balance (debit or credit), beginning balance, total debits for period, total credits for period, and current balance.
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Which benefit of resistance is described as prompting leaders to more clearly articulate the rationale for the change?
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a. True b. False Indicate whether the statement is true or false
Generally, one who signs on the back of an instrument is considered to be an acceptor
Indicate whether the statement is true or false
A contract's delivery term can affect a buyer's recovery for goods damaged in transit.
Answer the following statement true (T) or false (F)