A subsidiary ledger
A)Is a listing of all of the accounts of a business.
B)Is a listing of all accounts with balances.
C)Includes transactions not covered by special journals.
D)Is a listing of individual accounts with a common characteristic.
E)Is a listing of all special journals.

Question

Quizplus · Accepted Answer

A subsidiary ledger is a listing of individual accounts with a common characteristic, such as accounts receivable subsidiary ledger, inventory subsidiary ledger, or accounts payable subsidiary ledger.

A Subsidiary Ledger