A record that contains detailed information on specific accounts with a common characteristic and is support for a controlling account is a(n):
A) All-purpose ledger.
B) Subsidiary ledger.
C) Special ledger.
D) General ledger.
E) Column balance ledger.

Question

Quizplus · Accepted Answer

A subsidiary ledger is a record that contains detailed information on specific accounts with a common characteristic, such as accounts receivable. It is used to support a controlling account, such as Accounts Receivable in the general ledger. The other options do not accurately describe this type of ledger.

A Record That Contains Detailed Information on Specific Accounts with a Common