A subsidiary ledger is a group of:
A) financial statements with a common reporting date.
B) worksheets with a common reporting date.
C) ledgers with a common characteristic.
D) accounts with a common characteristic.

Question

Quizplus · Accepted Answer

A subsidiary ledger is a group of accounts with a common characteristic (e.g. all accounts receivable). The subsidiary ledger frees the general ledger of the details of individual balances.

A Subsidiary Ledger Is a Group Of