subsidiary ledger Antonyms
No Synonyms and anytonyms found
Meaning of subsidiary ledger
Wordnet
subsidiary ledger (n)
details of an account supporting the amount stated in the general ledger
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.
