Question

Which accounts most likely use a subsidiary ledger?

a)common stock
b)accounts receivable
c)short-term assets
d)accounts payable

Answer 1

Accounts receivable and accounts payable most likely use a subsidiary ledger.

Step-by-step explanation:

Which accounts most likely use a subsidiary ledger?

The accounts that most likely use a subsidiary ledger are accounts receivable and accounts payable.

Accounts receivable refers to the money owed to a company by its customers. Since there can be a large number of customers, a subsidiary ledger is used to record individual customer balances, transactions, and payment history.

Accounts payable, on the other hand, refers to the money owed by a company to its suppliers. Similar to accounts receivable, a subsidiary ledger is used to keep track of individual supplier balances, transactions, and payment information.