Determine which of the following statements are correct descriptions of a subsidiary ledger. (Check all thag apply.)

Determine which of the following statements are correct descriptions of a subsidiary ledger. (Check all that apply.) The account which the subsidiary ledger supports in the general ledger is called a control account. A subsidlary ledger is a general ledger account that appears in the chart of accounts. It is a supporting ledger that contains detailed information about a general ledger account. Two of the most common subsidiary tedgers are for Accounts Payable and Accounts Receivable. The balance in the subsidiary ledger will equal the balance of its supported account in the general ledger. The balance in the subsidiary ledger will rarely equal the balance in the supported account in the general ledger. Rate your confidence to submit your answer. 2023 McGraw Hil, Al Rights Reselved