Question

All of the following are general ledger accounts EXCEPT:

A) the Salaries Payable Control account
B) the Prepaid Insurance Control account
C) the Accounts Receivable subsidiary account for Ruben Electric
D) the Advertising Costs account

Answer 1

The Accounts Receivable subsidiary account for Ruben Electric is not a general ledger account. It is a detailed account supporting the Accounts Receivable control account in the general ledger.

Step-by-step explanation:

The question asks to identify which option is not a general ledger account. A general ledger account is part of the double-entry bookkeeping system and is used to record all transactions affecting the financial position of a business. Here's an overview of the given options:

• The Salaries Payable Control account is a liability account that represents the amount owed to employees for services rendered but not yet paid; it is a general ledger account.
• The Prepaid Insurance Control account is an asset account that represents insurance premiums that have been paid in advance; it is a general ledger account.
• The Accounts Receivable subsidiary account for Ruben Electric is not a general ledger account; instead, it is a detailed account that supports the overall Accounts Receivable control account in the general ledger.
• The Advertising Costs account is an expense account in the general ledger used to record the costs associated with advertising.

Therefore, the correct answer is C) the Accounts Receivable subsidiary account for Ruben Electric.