Subsidiary ledgers do all of the following except:
A) Remove excessive detail from the general ledger.
B) Provide up-to-date information on customer or other specific account balances.
C) Aid in error identification for individual accounts.
D) Help with division of labor (recordkeeping tasks).
E) Eliminate the need for individual postings to the customer or supplier accounts.

Question

Quizplus · Accepted Answer

Subsidiary ledgers do not eliminate the need for individual postings to customer or supplier accounts. Rather, they provide a more detailed record of the transactions for each specific account, which can then be summarized and posted to the general ledger.

Subsidiary Ledgers Do All of the Following Except