A subsidiary ledger is a listing of individual accounts with a common characteristic.

Name: A subsidiary ledger is a listing of individual accounts with a common characteristic.
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This statement is true. A subsidiary ledger is a detailed listing of individual accounts that share a common characteristic, such as customers, vendors, or inventory items. It is used to keep track of specific transactions and account balances within a larger accounting system.

A Subsidiary Ledger Is a Listing of Individual Accounts with a Common