Topic: Subsidiary Ledger
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What is a subsidiary debtor ledger?
its a ledger which contains a personal account for every debtor who owes some money to a business Read More »
Source: http://wiki.answers.com/Q/What_is_a_subsidiary_debtor_ledger
What is the example of subsidiary ledger?
subsidary ledger Purpose of Subsidiary Ledger and Definition http://www.drtaccounting.com/2009/02/purpose-of-subsidiary-ledgers.html Read More »
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What is Subsidiary Ledger?
Details of an account that support the amount in the general ledger. See also accounts payable ledger ; accounts receivable ledger . Read More »
Source: http://www.answers.com/topic/subsidiary-ledger-in-accounting
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Subsidiary Ledger
(n.) (in accounting) a ledger containing a group of detailed and related accounts the total of which is summarized in the control account
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A control account is an account found in the general ledger such as accounts receivable,accounts payable,inventory etc. The accounts are a summation of entries made in the subsidiary ledgers and are used to check the accuracy of those entri...
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When using a General Ledger, accounts such as Accounts Payable or Accounts Receivable are much easier to work with in the General Ledger if they have a "single" sum of all accounts, in other words for example you have 100 customers that owe...
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accounts receivable ledger, accounts payable ledger, notes receivable ledger, notes payable ledger and equipment subsidiary ledger
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time consuming
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A subsidiary ledger is a group of similar accounts whose combined balances equal the balance in a specific general ledger account. The general ledger account that summarizes a subsidiary ledger's account balances is called a control account...
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Source: http://wiki.answers.com/Q/How_is_subsidiary_ledger_different_to_t...