Asked by

Tanner Wagner
on Nov 12, 2024

verifed

Verified

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.
verifed

Verified Answer

AK
avash khanalNov 14, 2024
Final Answer:
Get Full Answer