Question

A company would not likely use subsidiary ledgers for which of the following?

1) accounts receivable
2) owner's capital
3) inventory
4) equipment

Answer 1

A company would not likely use subsidiary ledgers for Owner's Capital and Equipment.

Step-by-step explanation:

A company would not likely use subsidiary ledgers for Owner's Capital and Equipment. A company would not likely use subsidiary ledgers for Owner's Capital and Equipment.

Subsidiary ledgers are used to record detailed information about individual accounts that make up a general ledger. The purpose of subsidiary ledgers is to provide a more organized and detailed record-keeping system.

Accounts Receivable and Inventory are examples of accounts that typically have subsidiary ledgers because they involve multiple individual transactions that need to be tracked separately.