Which of the Following Statements About Subsidiary Ledgers Is Most

question 52

Multiple Choice

Which of the following statements about subsidiary ledgers is most accurate?

• A) The subsidiary ledger accounts will never equal the control account in the general ledger.
• B) The accounts receivable subsidiary ledger is a book of accounts that provides supporting detail for Accounts Receivable.
• C) The subsidiary ledger accounts will equal the amount of cash sales.
• D) All of these answers are correct.

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Definitions:

Weighted Average

A method used to calculate the average cost of inventory that takes into account the varying costs of different batches of goods by weighting each batch by its proportion in the total inventory.