When there are a large number of individual accounts with a common characteristic, it is common to place them in a separate ledger called a (n)
A) general ledger
B) income statement ledger
C) group ledger
D) subsidiary ledger

Question

Quizplus · Accepted Answer

When there are a large number of individual accounts with a common characteristic, it is common to place them in a separate ledger called a subsidiary ledger. This helps to keep the main general ledger uncluttered and organized. The subsidiary ledger contains detailed information for each account and is used to support the balances recorded in the general ledger.

When There Are a Large Number of Individual Accounts with a Common