Subsidiary ledger
Subsidiary ledger is a ledger that contains accounts of a single type. Example: The accounts receivable subsidiary ledger records all credit customers.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Subsidiary ledger. A ledger that contains accounts of a single type. Example: The accounts receivable subsidiary ledger records all credit customers.
According to Managerial Accounting by Braun, Tietz (5th edition),
- Subsidiary ledger. Supporting detail for a general ledger account.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
