One advantage of a subsidiary ledger is that it shows all the transactions that affect one customer or creditor in a single account.

Name: One advantage of a subsidiary ledger is that it shows all the transactions that affect one customer or creditor in a single account.
Brand: Quizplus
Rating: 4.8 (51 reviews)

Question

Quizplus · Accepted Answer

A subsidiary ledger provides detailed information for individual accounts, such as customers or creditors, allowing all transactions related to a specific account to be viewed in one place.

One Advantage of a Subsidiary Ledger Is That It Shows