A Subsidiary Ledger Is

question 68

Multiple Choice

A subsidiary ledger is

• A) used in place of the general ledger if the general ledger is destroyed or stolen.
• B) a group of accounts used by branches and subsidiaries of a corporate business.
• C) a group of accounts with a common characteristic that provides detailed information about a control account in the general ledger.
• D) used to post excess transactions if a general ledger account becomes full during an accounting period.

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Definitions:

Causal

Relating to or acting as a cause for something, indicating a relationship where one event or action leads to the occurrence of another.

Experimental

Relating to a method of inquiry in sciences that involves controlled testing of hypotheses to establish cause-and-effect relationships.

Observational

Relating to the method of gaining knowledge by watching and analyzing without direct involvement or interference.

Scientific Method

The process of forming and answering questions using systematic observations and gathering information.