subsidiary ledger (Meaning)
Wordnet
subsidiary ledger (n)
details of an account supporting the amount stated in the general ledger
Synonyms & Antonyms of subsidiary ledger
No Synonyms and anytonyms found
subsidiary ledger Sentence Examples
- The company maintains a subsidiary ledger for each department to track individual expenses.
- The subsidiary ledger provides detailed information about transactions related to a specific account in the general ledger.
- The accounts payable subsidiary ledger contains records of payments made to each vendor.
- The accounts receivable subsidiary ledger records transactions with individual customers.
- The inventory subsidiary ledger tracks the quantity and value of inventory items at different locations.
- The audit trail can be traced from the subsidiary ledger to the general ledger and vice versa.
- Reconciling the subsidiary ledger with the general ledger is crucial for maintaining accounting accuracy.
- The subsidiary ledger helps in managing exceptions and identifying irregularities in transactions.
- Businesses use subsidiary ledgers to decentralize accounting operations and improve departmental accountability.
- The details captured in the subsidiary ledger support financial reporting and decision-making.
FAQs About the word subsidiary ledger
details of an account supporting the amount stated in the general ledger
No synonyms found.
No antonyms found.
The company maintains a subsidiary ledger for each department to track individual expenses.
The subsidiary ledger provides detailed information about transactions related to a specific account in the general ledger.
The accounts payable subsidiary ledger contains records of payments made to each vendor.
The accounts receivable subsidiary ledger records transactions with individual customers.
