Which of the following are examples of subledger accounts?

Subledger accounts are detailed accounts that support the general ledger by providing more specific information regarding a particular type of transaction. The concept of subledgers is essential within the context of accounting because they allow for a more granular view of related financial data, while the general ledger maintains the overall financial picture.

The vendor account qualifies as an example of a subledger account because it provides details about transactions and outstanding amounts owed to individual vendors. Each vendor account tracks payment history and balances, enabling organizations to effectively manage their accounts payable processes. This level of detail ensures precise information is available for reporting and reconciliation purposes, thus supporting the overall accuracy of financial statements.

In contrast, while the reconciliation account for accounts receivable serves an important role within the accounting framework, it does not contain detailed transaction data for individual customers; rather, it aggregates totals from all customer accounts in the corresponding subledger. The contract accounts receivable and inventory-finished goods, although critical to financial management, also do not function as subledger accounts in the traditional sense. Each of them serves a distinct purpose within different accounting processes, yet does not represent separate and detailed records of individual transactions like the vendor accounts do.