Which of the Following Statements Regarding Revenue Subsidiary Ledgers Is

Multiple Choice

Which of the following statements regarding revenue subsidiary ledgers is false?

A) The number of revenue subsidiary ledger accounts necessary is at the discretion of management.
B) The number of revenue subsidiary ledger accounts used is limited by the number of broad revenue categories (e.g., taxes, licenses and permits, intergovernmental) that a governmental entity reports.
C) Entries to revenue subsidiary ledger accounts may be made at any time during a fiscal period.
D) Revenue subsidiary ledgers are never required.