Some of the more common subsidiary ledgers are
A) accounts payable, accounts receivable, and owner's equity subsidiary ledgers
B) accounts receivable and accounts payable subsidiary ledgers
C) accounts receivable, accounts payable, cash, checking, petty cash, and owner's equity subsidiary ledgers
D) cash and owner's equity subsidiary ledgers

Question

Quizplus · Accepted Answer

The most common subsidiary ledgers are accounts receivable and accounts payable. While other subsidiary ledgers, such as cash and owner's equity, are important, they are not as commonly used as accounts receivable and accounts payable.

Some of the More Common Subsidiary Ledgers Are