Answered: What is a sub-ledger

Business

Accounting

What is a sub-ledger

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 4PA: Use the journals and ledgers that follow. Total the journals. Post the transactions to the...

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Question

What is a sub-ledger?

Group of answer choices

a master set of account

a trial balance

subsidiary ledger

a written code

Definition Definition Statement that shows the ending balance of all the ledger accounts of a firm at the end of the accounting period. The trial balance is prepared after all the entries have been posted to the ledger accounts and assists in preparing the final accounts of a firm.

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