Definitions from the Web
Subsidiary Ledger
A subsidiary ledger is a detailed account book used by businesses to record transactions for a specific category or subcategory, providing a more in-depth breakdown of financial information beyond what is available in a general ledger. It allows a company to keep a closer track of individual accounts, such as customer accounts, inventory, or fixed assets.
Sample Sentences:
- The company maintains a subsidiary ledger to track its accounts receivable from various clients.
- The subsidiary ledger for inventory provides a detailed analysis of the movement and valuation of all stock items.
- Tracking fixed assets in a subsidiary ledger helps in managing their depreciation and maintenance schedules.
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