A subsidiary ledger:
A) Is a listing of all of the accounts of a business.
B) Is also called a general ledger.
C) Is a listing of individual accounts and amounts with a common characteristic.
D) Is also called a special journal.
E) Includes transactions not covered by special journals.

Question

Quizplus · Accepted Answer

A subsidiary ledger is a listing of individual accounts and amounts with a common characteristic. It provides detailed information about specific groups of similar transactions, such as accounts receivable or accounts payable.

A Subsidiary Ledger