In general, subsidiary ledgers are not needed in perpetual systems because the accounting system captures sufficient details to support analyses that decision makers need.

Question

Quizplus · Accepted Answer

While perpetual systems do capture detailed transaction data, subsidiary ledgers can still be useful for tracking specific types of transactions, such as accounts receivable or inventory. They allow for more detailed analysis and can help to identify specific trends or issues within a certain account.

In General, Subsidiary Ledgers Are Not Needed in Perpetual Systems