Cash Receipts journal
86. Subsidiary ledgers
are used only for Accounts Payable and Accounts Receivable
may be used for various ledger accounts
may be used for only for the Cash account
are never used for more than four accounts
87. Some of the more common subsidiary ledgers are:
Accounts Payable, Accounts Receivable, and Owner’s Equity subsidiary ledgers.
Accounts Receivable and Accounts Payable subsidiary ledgers.
Accounts Receivable, Accounts Payable, Cash, Checking, Petty Cash, and Owner’s Equity subsidiary
Cash and Owner’s Equity subsidiary ledgers.