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 ledgers necessary is at the discretion of management.
B) The number of revenue subsidiary ledgers 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 ledgers may be made at any time during a fiscal period.
D) Revenue subsidiary ledgers are never required.