A subsidiary ledger:
A)Includes transactions not covered by special journals.
B)Is a listing of all of the accounts of a business.
C)Is a listing of individual accounts with a common characteristic.
D)Is also called a general ledger.
E)Is also called a special journal.

Question

Quizplus · Accepted Answer

A subsidiary ledger is a group of accounts with a common characteristic, such as accounts receivable or accounts payable. It is used to provide more detailed information about specific accounts than what is found in the general ledger.

A Subsidiary Ledger