Question:Which of the following is incorrect concerning subsidiary ledgers? 

A The purchases ledger is a common subsidiary ledger for creditor accounts. 
B The accounts receivable ledger is a subsidiary ledger. 
C A subsidiary ledger is a group of accounts with a common characteristic. 
D An advantage of the subsidiary ledger is that it permits a division of labor in posting. 

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A 

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Md. Saydul Alam

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