Correct Option?? In AccountingA subsidiary ledger_i) Replaces the general ledgerii) Contains only summary entriesiii) Provides detailed records supporting a control accountiv) Is optional in all cases

Concept of Subsidiary Ledger:A subsidiary ledger is a detailed ledger that provides additional…

Answered: In Accounting A subsidiary ledger_ i)…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

Author:Scott, Cathy J.

Publisher:Scott, Cathy J.

Chapter9: Sales And Purchases

Section: Chapter Questions

Problem 5E: Post the following entry to the general ledger and the subsidiary ledger.

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In Accounting A subsidiary ledger_ i) Replaces the general ledger ii) Contains only summary entries iii) Provides detailed records supporting a control account iv) Is optional in all cases