What is the purpose of comparing the ledger entries with the vouches？A．To prove that all t

What is the purpose of comparing the ledger entries with the documents？______.

A．To prove that all the transactions have made for the right amounts

B．To check the number of all the debits and credits

C．To prove that all the accounts have been posted correctly

D．To post the right accounts

What is true about the Philadelphia Public Ledger and the Baltimore Sun？

A．They turned out to be failures.

B．They were later purchased by James Gordon Bennett.

C．They were also founded by Benjamin Day.

D．They became well-known newspapers in the U.S.

What is true about the Philadelphia Public Ledger and the Baltimore Sun？

A．They turned out to be failures.

B．They were later purchased by James Gordon Bennett.

C．They were also founded by Benjamin Day.

D．They became well-known newspapers in the U. S.

There are usually two kinds of ledgers:

1. General ledger: It contains the controlling accounts for each of the subsidiary ledgers. A controlling account in the general ledger shows in summary form. what appears in detail in the corresponding subsidiary ledger. There is often a separate controlling account for each subsidiary ledger. Thus Due from Banks controlling account shows in summary form. the totals of all the debits and credits appearing in the correspondent banks' accounts in the Due from Banks subsidiary ledgers. The balances in the general ledger for asset, liability and capital accounts become the basis for data set forth in the balance sheet. The balances in the income and expense accounts become the basis for data set forth in the Profit and Loss Statements.

2. Subsidiary ledger: It is a ledger maintained for subsidiary accounts of a homogeneous nature. The balances of the account in the subsidiary ledger equal the total of the balance shown in the controlling account for the particular subsidiary ledger maintained in the general ledger. The usual subsidiary ledgers in banking business are the depositors' ledger, debtors' ledger, income ledger, expense ledger, and others. In the books of ×× Bank, there are some 107 accounting items which record and reflect its entire business activities and achievements. The books are divided into four categories, that is, Asset, Liability, Joint Asset and Liability, Loss and Income.

The accounting items in the subsidiary ledger may appear indetail in the controlling account in the general ledger.

A．Right.

B．Wrong.

C．Doesn't say.

A．Because the work must be finished in a very short period of time.

B．Because it is unlikely for the same mistakes to be made in both ledger and statements and people can find the wrong entries without difficulty.

C．Because it is difficult for only one person to do it.

D．Because it is easy for people to discover mistakes by keeping accounts.