Topic: What Is an Account Receivable Subsidiary Ledger
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Answers to Common Questions
How to Open a Subsidiary Accounting Ledger
A subsidiary ledger is an accounting journal that gives a more detailed view of items on the general ledger. The most common types of subsidiary ledgers are accounts receivable and accounts payable subsidiary ledgers. The accounts receivabl... Read More »
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What are controlling accounts and subsidiary ledgers?
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... Read More »
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Who can operate subsidiary general ledger account?
why is the tertiary sector in decline Read More »
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More Common Questions
Answers to Other Common Questions
A subsidiary ledger is a ledger with a group of detailed/relate...
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credit balance
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Listing of detailed accounts, often in the form of a book with pages devoted to each customer, that shows how much each customer owes. Each transaction that generated a receivable is listed under that customer and a balance by customer is d...
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Typically, you would arrange them alphabetically or by customer number. But you could use any other method that makes sense in your billing/collection/accounting procedures. For example, you might want to arrange them geographically (for sa...
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Because voucher register has all the necessary records that found in the purchases journal and subsidiary accounts.
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The Central Bank makes it mandatory on all commercial banks to invest a certain percentage of their liabilities [(only demand) or (demand and time both)] in government securities viz. T-Bills, Bonds etc which is called Statutory Liquidity R...
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accounts receivable and accounts payable
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