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True/False: costs of different jobs are maintained in a single subsidiary ledger account and are added together or commingled in such ledger account.

User Moe Singh
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2 Answers

2 votes
True I am so sure that is true
User Wheeler
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Final answer:

Costs of different jobs are not maintained in a single subsidiary ledger account; they are tracked separately to allow for detailed financial management and analysis.

Step-by-step explanation:

The statement is false. In accounting, costs of different jobs are typically not maintained in a single subsidiary ledger account but are instead tracked separately to ensure that each job can be evaluated for profitability and cost control. Subsidiary ledgers provide detailed information about a specific aspect of a business's finances, so commingling the costs of different jobs in a single account would not provide the detailed and specific information necessary for accurate financial management and analysis.

User Michael Desigaud
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