A subsidiary ledger
A)is used to record infrequent or non-routine transactions.
B)simplifies the process of recoding large numbers of repetitive transactions.
C)records all detailed data for any general ledger account that has individual sub-accounts.
D)contains summary-level data for every account of the organization.

Question

Quizplus · Accepted Answer

A subsidiary ledger is a type of accounting ledger that stores detailed information and data for accounts in the general ledger that have individual sub-accounts. This helps to simplify the process of managing and recording large numbers of similar transactions. Unlike a general ledger, a subsidiary ledger contains detailed information, not summary-level data.

A Subsidiary Ledger