Subsidiary ledger

subsidiary ledger
A record of the details to support a general ledger account. The general ledger account is often referred to as the control account.

Subsidiary ledger
An accounting record giving the detailed transactions in an account; the subtotals of the debits and credits are posted to the control account maintained in the general ledger.

subsidiary ledger
supporting ledger of related accounts that in total equals the control account appearing in the general ledger .

subsidiary ledger A ledger that is summarized in a controlling account in the general ledger.

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Subsidiary ledgers - Ledgers opened in addition to a business's general ledger. They are used to keep sections of a business separate from each other (e.g.. a Sales ledger for the customers, and a purchase ledger for the suppliers).

subsidiary ledger The detailed information that totals to the balance in the general ledger account.

SUBSIDIARY LEDGER - A group of subsidiary accounts, the sum of the balances of which is equal to the balance of the related control account. Refer to GENERAL LEDGER and SUBSIDIARY ACCOUNTS.

Subsidiary Ledger (in accounting)
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Subsidiary ledger
A subsidiary ledger is a support ledger for the general ledger accounts. The general ledger has master, or control accounts, and the subsidiary ledger has the many separate individual accounts that comprise the control account.

Accounts Payable Subsidiary Ledger
An accounting ledger that shows the transaction history and amounts owed separately for each supplier from whom the business receives credit for purchases.

All books and records: Cash receipts and disbursements journals, appointment book(s), client's card index, daily log or receipts book, journals of receipts and disbursements from trust funds, payroll journals, subsidiary ledgers, ...

An accounting entry made into a subsidiary ledger called the General journal to account for a periods changes, ...

In accounting, the controlling account is an account in the general ledger to which a corresponding subsidiary ledger has been created. The subsidiary ledger allows for tracking transactions within the controlling account in more detail.

ADJUSTING JOURNAL ENTRY - An accounting entry made into a subsidiary ledger called the General journal ...
ADJUSTMENT - can be either: 1. an increase or decrease to an account resulting from ADJUSTING ENTRIES; ...

posted (in the form of debits and credits) from a journal. It is the final record from which financial statements are prepared. The general ledger accounts are often the control accounts which report totals of details included in subsidiary ledgers.

ACCOUNTING RECORDS -- All documents and books used in the preparation of the tax return and all financial statements, including general ledger, subsidiary ledgers, sales slips, and invoices.

See also: General ledger, Expense, Control account, Accounting period, Invoice