When there are a large number of individual accounts with a common characteristic it is common to place them in a separate ledger called what?

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2026-03-18 09:40

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When there are a large number of individual accounts with a common characteristic, they are typically placed in a separate ledger called a "subsidiary ledger." This allows for detailed tracking of each individual account while keeping the main general ledger streamlined. Common examples include accounts receivable and Accounts Payable subsidiary ledgers.

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