A subsidiary ledger:
A) Includes transactions not covered by special journals.
B) Is a listing of all of the accounts of a business.
C) Is a listing of individual accounts and amounts with a common characteristic.
D) Is also called a general ledger.
E) Is also called a special journal.

Question

Quizplus · Accepted Answer

A subsidiary ledger is a group of individual accounts with a common characteristic (such as accounts receivable or accounts payable). It keeps track of transactions that are not covered by special journals or the general ledger. Therefore, choice C is the correct answer.

A Subsidiary Ledger