A subsidiary ledger
A)is used to record infrequent or non-routine transactions.
B)simplifies the process of recording large numbers of repetitive transactions.
C)records all detailed data for any general ledger account that has individual sub-accounts.
D)contains summary-level data for every account of the organization.

Question

Quizplus · Accepted Answer

A subsidiary ledger is used to record detailed information for individual sub-accounts of a general ledger account. It provides a more detailed breakdown of transactions for balance sheet and income statement accounts.

A Subsidiary Ledger