Accounts of a single type (i.e., Accounts Payable) are kept in this form of ledger.
A) Supplemental ledger
B) Employee ledger
C) Subsidiary ledger
D) General ledger

Question

Quizplus · Accepted Answer

Accounts of a single type such as Accounts Payable are kept in a Subsidiary Ledger, which contains detailed information about a specific subset of accounts within the larger General Ledger. This allows for better organization and easier tracking of transactions.

Accounts of a Single Type (I