Accounts of a single type are kept in the:
A) supplemental ledger.
B) primary ledger.
C) subsidiary ledger.
D) None of these answers is correct.

Question

Quizplus · Accepted Answer

Accounts of a single type, such as accounts receivable or accounts payable, are typically kept in a subsidiary ledger. This allows for detailed tracking and management of these specific accounts while summarizing their total in the general ledger.

Accounts of a Single Type Are Kept in The