Every subsidiary ledger must have its own:
A)control account.
B)subsidiary account.
C)general account.
D)general ledger.

Name: Every subsidiary ledger must have its own: A)control account. B)subsidiary account. C)general account. D)general ledger.
Brand: Quizplus
Rating: 4.7 (31 reviews)

Question

Quizplus · Accepted Answer

A control account is necessary for each subsidiary ledger to summarize the total amounts recorded in the subsidiary ledger, ensuring that the general ledger remains concise and manageable.

Every Subsidiary Ledger Must Have Its Own