A subsidiary ledger frees the general ledger from details of
A) individual balances.
B) external transactions.
C) internal transactions.
D) the control account.

Question

Quizplus · Accepted Answer

A subsidiary ledger contains details of individual balances for specific accounts, such as accounts receivable or accounts payable. By keeping this information in a separate ledger, the general ledger is freed from having to record and track all of these individual balances, making it easier to manage the overall financial picture of the company.

A Subsidiary Ledger Frees the General Ledger from Details of