A subsidiary ledger is used to
A) track individual balances.
B) maintain details that the general ledger cannot capture.
C) balance its overall total to the control account.
D) all of the above
Correct Answer:
Verified
Q89: For a company with a large number
Q90: One advantage of a subsidiary ledger is
Q91: Daily postings are made from the sales
Q92: All receipts of cash are recorded in
Q93: The sales journal is used to record
Q95: The sales journal is used to record
Q96: Common subsidiary ledgers include
A) accounts payable, accounts
Q97: A good control practice would be to
Q98: Posting to the individual accounts in the
Q99: Having a sales journal means that only
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