The stockholders' ledger for a class of stock is a subsidiary ledger, and the total shares shown in the subsidiary ledger must agree with the number of shares in the capital stock account for that class.

Question

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The statement is true. The stockholders' ledger is a subsidiary ledger that provides details about the ownership of a particular class of stock. The total number of shares shown in the subsidiary ledger should agree with the number of shares in the capital stock account for that particular class. This reconciliation helps to ensure the accuracy of the accounting records related to the stockholders' equity section of the balance sheet.

The Stockholders' Ledger for a Class of Stock Is a Subsidiary