A record that contains the details by customer or vendor of the individual account balances would be called a:
A)control account.
B)subsidiary ledger.
C)journal.
D)liability account.

Question

Quizplus · Accepted Answer

A subsidiary ledger contains the details of individual account balances, providing a breakdown that supports the summary totals found in the general ledger's control accounts.

A Record That Contains the Details by Customer or Vendor