What is a reconciliation ledger and how does it relate to the general ledger?

• A. A reconciliation ledger is used for external reporting only.
• B. Reconciliation ledger (AP, AR, inventory) feeds the GL; ensures accuracy of GL by reconciling sub-ledger balances to GL.
• C. The GL feeds the reconciliation ledger.
• D. Reconciliation ledger and GL are the same thing.

Answer: (B)