The general rule for posting to a subsidiary ledger and its controlling account is:
A) The controlling account is debited periodically for an amount or amounts equal to the sum of the debits to the subsidiary ledger.
B) The controlling account is credited periodically for an amount or amounts equal to the sum of the credits to the subsidiary ledger.
C) A trial balance ledger.
D) The controlling account is both debited and credited periodically for an amount or amounts equal to the sum of the debits or credits to the subsidiary ledger.
E) All of these answers are correct.

Question

Quizplus · Accepted Answer

The general rule for posting to a subsidiary ledger and its controlling account is to debit and credit the controlling account periodically for an amount or amounts equal to the sum of the debits and credits to the subsidiary ledger. This ensures that the balances of the subsidiary ledger and the controlling account are in agreement. Option D is the only answer that reflects this rule. Option A only mentions debiting, option B only mentions crediting, option C is not a relevant response, and option E is too broad and includes incorrect answers.

The General Rule for Posting to a Subsidiary Ledger and Its