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Which of the following types of information are found in subsidiary ledgers, but not in the general ledger?
- a)Total cost of goods sold for the period.
- b)The quantity of a particular product sold during the period.
- c)The amount owed to a particular creditor.
- d)The portion of total current assets that consist of cash.
Correct answer is option 'B'. Can you explain this answer?
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Which of the following types of information are found in subsidiary le...
A subledger is a ledger containing all of a detailed sub-set of transactions. The total of the transactions in the subledger roll up into the general ledger. For example, a subledger may contain all accounts receivable, or accounts payable, or fixed asset transactions.
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Which of the following types of information are found in subsidiary le...
Subsidiary Ledgers and General Ledger
Subsidiary ledgers and general ledgers are two types of accounting ledgers. The general ledger is the primary accounting ledger that contains all the financial transactions of a business. On the other hand, subsidiary ledgers are supporting ledgers that contain detailed information about specific accounts or transactions.
Types of Information in Subsidiary Ledgers
Subsidiary ledgers contain detailed information about specific accounts or transactions. This information may include:
- The quantity of a particular product sold during the period.
- The amount owed to a particular creditor.
- The amount owed by a particular debtor.
- The details of individual customer accounts.
- The details of individual supplier accounts.
The information in subsidiary ledgers is more detailed than the information in the general ledger. This detailed information helps businesses keep track of their transactions and manage their accounts more effectively.
Types of Information in General Ledger
The general ledger is the primary accounting ledger that contains all the financial transactions of a business. The information in the general ledger includes:
- The total cost of goods sold for the period.
- The portion of total current assets that consist of cash.
- The total revenue for the period.
- The total expenses for the period.
- The net income or loss for the period.
The general ledger provides an overview of the financial transactions of a business. It is used to prepare financial statements and to make important financial decisions.
Conclusion
In conclusion, the type of information found in subsidiary ledgers but not in the general ledger is the quantity of a particular product sold during the period. Subsidiary ledgers contain detailed information about specific accounts or transactions, while the general ledger provides an overview of the financial transactions of a business.
Subsidiary ledgers and general ledgers are two types of accounting ledgers. The general ledger is the primary accounting ledger that contains all the financial transactions of a business. On the other hand, subsidiary ledgers are supporting ledgers that contain detailed information about specific accounts or transactions.
Types of Information in Subsidiary Ledgers
Subsidiary ledgers contain detailed information about specific accounts or transactions. This information may include:
- The quantity of a particular product sold during the period.
- The amount owed to a particular creditor.
- The amount owed by a particular debtor.
- The details of individual customer accounts.
- The details of individual supplier accounts.
The information in subsidiary ledgers is more detailed than the information in the general ledger. This detailed information helps businesses keep track of their transactions and manage their accounts more effectively.
Types of Information in General Ledger
The general ledger is the primary accounting ledger that contains all the financial transactions of a business. The information in the general ledger includes:
- The total cost of goods sold for the period.
- The portion of total current assets that consist of cash.
- The total revenue for the period.
- The total expenses for the period.
- The net income or loss for the period.
The general ledger provides an overview of the financial transactions of a business. It is used to prepare financial statements and to make important financial decisions.
Conclusion
In conclusion, the type of information found in subsidiary ledgers but not in the general ledger is the quantity of a particular product sold during the period. Subsidiary ledgers contain detailed information about specific accounts or transactions, while the general ledger provides an overview of the financial transactions of a business.
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Which of the following types of information are found in subsidiary ledgers, but not in the general ledger?a)Total cost of goods sold for the period.b)The quantity of a particular product sold during the period.c)The amount owed to a particular creditor.d)The portion of total current assets that consist of cash.Correct answer is option 'B'. Can you explain this answer?
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Which of the following types of information are found in subsidiary ledgers, but not in the general ledger?a)Total cost of goods sold for the period.b)The quantity of a particular product sold during the period.c)The amount owed to a particular creditor.d)The portion of total current assets that consist of cash.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following types of information are found in subsidiary ledgers, but not in the general ledger?a)Total cost of goods sold for the period.b)The quantity of a particular product sold during the period.c)The amount owed to a particular creditor.d)The portion of total current assets that consist of cash.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following types of information are found in subsidiary ledgers, but not in the general ledger?a)Total cost of goods sold for the period.b)The quantity of a particular product sold during the period.c)The amount owed to a particular creditor.d)The portion of total current assets that consist of cash.Correct answer is option 'B'. Can you explain this answer?.
Which of the following types of information are found in subsidiary ledgers, but not in the general ledger?a)Total cost of goods sold for the period.b)The quantity of a particular product sold during the period.c)The amount owed to a particular creditor.d)The portion of total current assets that consist of cash.Correct answer is option 'B'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following types of information are found in subsidiary ledgers, but not in the general ledger?a)Total cost of goods sold for the period.b)The quantity of a particular product sold during the period.c)The amount owed to a particular creditor.d)The portion of total current assets that consist of cash.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following types of information are found in subsidiary ledgers, but not in the general ledger?a)Total cost of goods sold for the period.b)The quantity of a particular product sold during the period.c)The amount owed to a particular creditor.d)The portion of total current assets that consist of cash.Correct answer is option 'B'. Can you explain this answer?.
Solutions for Which of the following types of information are found in subsidiary ledgers, but not in the general ledger?a)Total cost of goods sold for the period.b)The quantity of a particular product sold during the period.c)The amount owed to a particular creditor.d)The portion of total current assets that consist of cash.Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for CA Foundation.
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