Which of the following is true of the relationship between subsidiary ledgers and general ledger accounts?a. The two contain different and unrelated data.b. All general ledger accounts have subsidiaries.c. The relationship between the two provides an audit trail from the financial statements to the source documents.d. The total of subsidiary ledger accounts usually exceeds the total in the related general ledger account.

Which of the following is true of the relationship between subsidiary ledgers and general ledger accounts?a. The two contain different and unrelated data.b. All general ledger accounts have subsidiaries.c. The relationship between the two provides an audit trail from the financial statements to the source documents.d. The total of subsidiary ledger accounts usually exceeds the total in the related general ledger account.

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter9: Auditing The Revenue Cycle.

Section: Chapter Questions

Problem 2RQSC

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