The file or record that is essentially a subsidiary ledger for tangible assets,such as land,buildings,machinery,and equipment,is the
A) fixed assets register.
B) fixed assets control ledger.
C) property master ledger.
D) property control ledger.

Question

Quizplus · Accepted Answer

The term "fixed assets register" is commonly used to refer to the subsidiary ledger that tracks tangible assets such as land, buildings, machinery, and equipment. This register is used to keep track of important information about each asset, such as its original cost, its current value, its depreciation, and its maintenance history. By maintaining an accurate fixed assets register, companies can better manage their investments in these assets over time. Therefore, choice A is the best option.

The File or Record That Is Essentially a Subsidiary Ledger