A company would not likely use subsidiary ledgers for
A) inventory.
B) retained earnings.
C) equipment.
D) accounts receivable.

Question

Quizplus · Accepted Answer

Subsidiary ledgers are used to maintain detailed information about individual accounts in a general ledger. Retained earnings, however, is not an individual account but rather a summary of the company's profits and losses over time. Therefore, a company would not likely use a subsidiary ledger for it.

A Company Would Not Likely Use Subsidiary Ledgers for