Subsidiary ledgers do all of the following except:
A) Help with division of labor (recordkeeping tasks).
B) Aid in error identification for individual accounts.
C) Eliminate the need for individual postings to the customer or supplier accounts.
D) Remove excessive detail from the general ledger.
E) Provide up-to-date information on customer or other specific account balances.

Question

Quizplus · Accepted Answer

Subsidiary ledgers require individual postings to customer or supplier accounts, so they do not eliminate the need for such postings. They do aid in division of labor, error identification, provide up-to-date information on specific account balances, and remove excessive detail from the general ledger.

Subsidiary Ledgers Do All of the Following Except