Equipment, inventory, and investments may also need subsidiary ledgers.

Name: Equipment, inventory, and investments may also need subsidiary ledgers.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Subsidiary ledgers are used to provide a detailed breakdown of accounts in the general ledger. This is particularly useful for accounts with a large volume of transactions or that require detailed tracking. Equipment, inventory, and investments are examples of accounts that may benefit from having a subsidiary ledger.

Equipment, Inventory, and Investments May Also Need Subsidiary Ledgers