Every controlling account must have its own:

Question

Quizplus · Accepted Answer

Controlling accounts are summary accounts that show the total balance of a group of related accounts in a subsidiary ledger. Therefore, every controlling account must have its own subsidiary ledger. Choices A, B, and D are not correct because a junior ledger is not a commonly used term, a general ledger is where all transactions are recorded, not just summary accounts, and a general journal is used for recording specific transactions, not for summarizing account balances.

Every Controlling Account Must Have Its Own