Some of the more common subsidiary ledgers are:
A) Accounts Payable, Accounts Receivable, and Owner's Equity subsidiary ledgers.
B) Accounts Receivable and Accounts Payable subsidiary ledgers.
C) Accounts Receivable, Accounts Payable, Cash, Checking, Petty Cash, and Owner's Equity subsidiary ledgers.
D) Cash and Owner's Equity subsidiary ledgers.

Question

Quizplus · Accepted Answer

The most common subsidiary ledgers are Accounts Receivable and Accounts Payable. These ledgers maintain detailed information about individual customer and supplier balances and transactions. While other subsidiary ledgers such as Cash and Owner's Equity may also be maintained by some businesses, they are not as common as Accounts Receivable and Accounts Payable.

Some of the More Common Subsidiary Ledgers Are