Postings are made daily to subsidiary ledgers so that
A) employees are kept busy.
B) debits equal credits.
C) individual account information is kept current.
D) the control account will balance to the subsidiary ledger.

Question

Quizplus · Accepted Answer

Subsidiary ledgers keep track of individual account information, such as customer balances or inventory quantities. Posting to these ledgers daily ensures that the information is kept current and accurate, which is necessary for effective management and decision-making. It also helps to prevent errors and discrepancies by catching mistakes early on. While debits equaling credits and balancing the control account are important aspects of accounting, they are not the primary reasons for daily posting to subsidiary ledgers.

Postings Are Made Daily to Subsidiary Ledgers So That