subsidiary ledger
Definition
Special or supporting ledger (such as cost ledger, purchases ledger, sales ledger) that provides more detailed information about individual accounts than a general ledger. Used by firms with larger number of customers (or creditors), these ledgers divide masses of financial data into more manageable parts. Total of all individual accounts in a subsidiary ledger equals the balance of the corresponding summary account (called control account) in the general ledger.
email to a friend
print this definition
cite this definition
link to this page
subsidiary ledger is in the Accounting & Auditing subject.
subsidiary ledger appears in the definitions of the following terms: control account, sales ledger, general ledger, cost ledger, closing, plant ledger and purchases ledger
This content can be found on the following page:
http://www.businessdictionary.com/definition/subsidiary-ledger.html