Subsidiary Ledger

Business / Accounting / Subsidiary Ledger: A grouping of individual accounts that in total equal the balance of a control account in the General Ledger.

Other Words for Subsidiary

Subsidiary Preposition Synonyms: ancillary (to), secondary (to), auxiliary (to), lesser (than), additional (to), supplementary or supplemental (to), complementary (to), accessory (to), subordinate (to), adjuvant (to)
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Purchase Ledger

Business / Accounting / Purchase Ledger: A subsidiary ledger which holds the accounts of a business's suppliers. A single control account is held in the nominal ledger which shows the total balance of all the accounts in the purchase ledger. MORE

Accounts Payable Ledger

Business / Accounting / Accounts Payable Ledger: A subsidiary ledger which holds the accounts of a business's suppliers. A single control account is held in the nominal ledger which shows the total balance of all the accounts in the purchase ledger. MORE

Self-Balancing Ledgers

Business / Accounting / Self-Balancing Ledgers: A system which makes use of control accounts so that each ledger will balance on its own. A control account in a subsidiary ledger will be mirrored with a control account in the nominal ledger. MORE

Nominal Ledger

Business / Accounting / Nominal Ledger: A ledger which holds all the nominal accounts of a business. Where the business uses a subsidiary ledger like the sales ledger to hold customer details, the nominal ledger will usually include a contr MORE

Sales Ledger

Business / Accounting / Sales Ledger: A subsidiary ledger which holds the accounts of a business's customers. A control account is held in the nominal ledger (usually called a debtors' control account) which shows the total balance of all MORE

Accounts Receivable Ledger

Business / Accounting / Accounts Receivable Ledger: A subsidiary ledger which holds the accounts of a business's customers. A single control account is held in the nominal ledger which shows the total balance of all the accounts in the sales ledger. MORE

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