Which of the following would not normally use a subsidiary ledger and control account system?
A) Plant and equipment
B) Trade creditors
C) Mortgage
D) Accounts receivable

Question

Quizplus · Accepted Answer

Mortgages typically do not use a subsidiary ledger and control account system because they are usually singular, large loans rather than a category of transactions involving many individual items or accounts. Subsidiary ledgers are more commonly used for categories like plant and equipment, trade creditors, and accounts receivable, where transactions are numerous and diverse.

Which of the Following Would Not Normally Use a Subsidiary