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Which of the following is NOT a common subsidiary ledger? A. Inventory subsidiary ledger B. Accounts payable subsidiary ledger C. Accounts receivable subsidiary ledger D.

Which of the following is NOT a common subsidiary ledger?

A. Inventory subsidiary ledger

B. Accounts payable subsidiary ledger

C. Accounts receivable subsidiary ledger

D. Cost of goods sold subsidiary ledger

Which of the following is reported on both a multiple-step income statement and a single-step income statement?

A. Gross profit

B. Net Income

C. Cost of goods sold

D. All of these choices are correct.

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