A detailed listing of the companyâ€™s fixed assets, divided into categories consistent with the general ledger accounts is called a:
A)Fixed Asset Journal
B)Fixed Asset Subsidiary Ledger
C)Fixed Asset Schedule
D)Fixed Asset Budget

Question

Quizplus · Accepted Answer

A Fixed Asset Subsidiary Ledger provides a detailed listing of a company's fixed assets, categorized in a manner consistent with the accounts in the general ledger, allowing for efficient tracking and management of these assets.

A Detailed Listing of the Companyâ€™s Fixed Assets, Divided into Categories