The payroll ledger includes information relating to the salary and wages of employees. Subsidiary ledgers allow business owners to separate accounting duties and responsibilities. Individual ...

The inventory subsidiary ledger breaks down sales and inventory data that assist in analysis of sales and costs. A running balance of each inventory item is carried into each new accounting period ...

What Is an Accounts Payable Subsidiary Ledger? An accounts payable subsidiary ledger is an accounting ledger that shows the transaction history and amounts owed to each supplier and vendor.

Investopedia / Paige McLaughlin An accounts receivable subsidiary ledger is an accounting ledger that shows the transaction and payment history of each customer to whom the business extends credit.

To anyone working outside of accounting the idea of a control account can be a little difficult to understand, but it’s essentially a summary account in the general ledger that totals the financial ...

With this accounting method ... GL sub-account or sub-ledger: A subsidiary account that contains more precise details about individual transactions. Chart of accounts (CoA): A list of every ...

All funds are contained either in the General Ledger or the subsidiary ledger of the University’s Accounting System. The General Ledger Records contain all of the University’s assets, (cash, ...