Question

Detailed data from a control account are summarized in a subsidiary ledger account.

Select one:
A. True
B. False

Answer 1

Detailed data from a control account is summarized in a subsidiary ledger account.

Step-by-step explanation:

True

Detailed data from a control account are indeed summarized in a subsidiary ledger account. A control account serves as a summary account that represents a group of related subsidiary ledger accounts. The details of individual transactions are recorded in the subsidiary ledger, and the summarized totals are then recorded in the control account.