What is the purpose of subsidiary ledgers? Select one: a. Provide supporting details on groups of accounts b. Provide credit balances only c. Provide supporting details on individual accounts d. Provide debit balances only

What is the purpose of subsidiary ledgers? Select one: a. Provide supporting details on groups of accounts b. Provide credit balances only c. Provide supporting details on individual accounts d. Provide debit balances only

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 the purpose of subsidiary ledgers?

Select one:

a. Provide supporting details on groups of accounts

b. Provide credit balances only

c. Provide supporting details on individual accounts

d. Provide debit balances only

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