Subsidiary Ledger

August 31, 2024 4 min read Definitions

Accounting Finance Purchases Ledger Creditors' Ledger Accounting Subsidiary Ledger Business Finance

A purchases ledger, also known as a creditors' ledger, is a subsidiary ledger that records all credit purchases of a business and their corresponding creditors.

August 25, 2024 4 min read Definitions

Control Account: Overview and Purpose in Accounting

Accounting Finance Control Account Subsidiary Ledger Accounts Payable Accounts Receivable Financial Accounting

A comprehensive article detailing the concept of Control Accounts in accounting, which provide summaries of totals from subsidiary ledgers, such as accounts payable and accounts receivable.

August 25, 2024 3 min read Definitions

Subsidiary Ledger: Details of an Account in the General Ledger

Accounting Finance Subsidiary Ledger General Ledger Financial Accounting Accounts Payable Accounts Receivable

A comprehensive guide to subsidiary ledgers and their importance in financial accounting, detailing how they support the general ledger.