Asked by
Tanner Wagner
on Nov 12, 2024Verified
Generally, subsidiary ledgers are used for general ledger accounts that consist of a large number of individual items.
Subsidiary Ledgers
Detailed records that support summary-level data contained in the general ledger, such as accounts receivable and accounts payable ledgers.
General Ledger
A complete record of all financial transactions over the life of a company.
- Identify the function and organization of subsidiary ledgers and their connection to the general ledger.
Verified Answer
AK
Learning Objectives
- Identify the function and organization of subsidiary ledgers and their connection to the general ledger.