1) Each general ledger control account balance must equal the total balance of the accounts in the: a. trial balance. b. income statement. statement of financial position. d. related subsidiary ledger. C. ABC 2) A subsidiary ledger is a group of: a financial statements with a common reporting date. b. worksheets with a common reporting date. c. ledgers with a common characteristic. d. accounts with a common characteristic. 3) Recording depreciation each period is necessary in accordance with the: a going concern principle. b. cost principle c. period concept. d. asset valuation principle.