Which of the following is a subsidiary book?

Assessment: WAEC SSCE - Financial Accounting - 2011 (Objective) Subject: Financial Accounting

Question 1 Report

Which of the following is a subsidiary book?
Answer Details
A subsidiary book is a type of book used in accounting to record specific types of transactions. Out of the options given, only the cash book is a subsidiary book as it is used to record cash transactions. Bank statement is a record of the transactions that occur in the bank account of a company. Control accounts are used to summarize and monitor the transactions of a particular ledger account, whereas trial balance is a statement that shows the balances of all ledger accounts in a double-entry accounting system.

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