Which of the following statements is false? A)A subsidiary ledger is a group of accounts that provides details about a control account in the general ledger. B)When a subsidiary ledger and a control account are used, each journal entry that affects accounts receivable must be posted twice. C)The balance in the control account must always equal the total of the subsidiary ledger. D)A subsidiary ledger includes supporting detail to the general ledger.

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The statement B is false because when a subsidiary ledger and a control account are used, each transaction affecting accounts receivable is not posted twice in the sense of duplicating the entry. Instead, the transaction is posted once in the general ledger to update the control account and also detailed in the subsidiary ledger to maintain accurate records of individual balances.

Which of the Following Statements Is false