A subsidiary ledger is ________.
A) an accounting journal designed to record a specific type of transaction
B) a created list of accounts used by a business entity to define each class of items for which cash is spent or received
C) a complete record of business transactions recorded in a ledger over the life of a company
D) a record of accounts that provide supporting details on individual balances, the total of which appears in a general ledger account

Question

Quizplus · Accepted Answer

A subsidiary ledger is a record of accounts that provide supporting details on individual balances, the total of which appears in a general ledger account. It is used to reduce the amount of detail that is recorded in the general ledger and to make it easier to manage and review the accounts.

A Subsidiary Ledger Is ________