A group of subsidiary accounts the sum of the balances of which is equal to the balance of the related control account in the general ledger. For example, the general ledger contains a control account for "Appropriations" (i.e., the approved budget) while the subsidiary ledger contains the detail of subsidiary accounts where the appropriations are allotted and allocated. For this reason, the subsidiary ledger that records the approved budget appropriations is sometimes referred to as the "allotment ledger" or the "allotment-expenditure ledger." TUVWXYZ
A ledger separate from the general ledger that contains a group of related accounts; the total of the balances in the subsidiary ledger accounts must equal the balance of a controlling account in the general ledger.
Supplementary record used to provide detailed information for a control account in the general ledger.
Revenue and expenditure accounts for the institution. All SL account numbers begin with a ledger of 1 to 9.
Often shortened to Sub-ledger or SL. Sub-ledger accounts are 6 digit accounts used in FRS to track revenue and expenses for a specific purpose or project. Important concepts for understanding an SL account are the year-end flag, map code and revenues and expenses.
The detailed information that totals to the balance in the general ledger account. The total of all customer accounts receivable included in the subsidiary ledger of accounts receivable is the balance in the general ledger accounts receivable account.
A group of subsidiary accounts, the sum of the balances of which is equal to the balance of the related control account. Refer to GENERAL LEDGER and SUBSIDIARY ACCOUNTS.
details of an account supporting the amount stated in the general ledger
a book of accounts that provides supporting details on individual
a group of individual accounts (e
This ledger form will summarize a single general ledger account (for example, a typical subsidiary ledger for any accounts payable would contain only accounts for vendors from whom items are purchased or bought on account [i.e. individual subsidiary ledger meaning one ledger for accounts payable, accounts receivable...]).
A supporting ledger, containing a summary of similar accounts, the total of which supports a controlling account in the general ledger.
The detail for a number of individual items that collectively make up a single general ledger account. Term The length of time a bond or promissory note is outstanding.
The supporting ledger consisting of a group of accounts the total of which is in agreement with the control account. Examples include, customer's ledger, creditor's ledger and factory ledger.
a collection of individual ledger account records applicable to a general ledger account for itemizing all accounting events and adjustments summarized in that general ledger account. See Book of Final Entry.
A group of accounts that support the total shown in the general ledger of accounts. For example, the individual customer accounts receivable ledger cards (possibly hundreds of cards) form the subsidiary ledger. The total of these cards is the amount presented in the general ledger balance. This one-line total is what you see on the balance sheet as accounts receivable. Subsidiary ledgers are the details of the totals presented on the financial statements.
The subsidiary ledgers (Ledgers 1-9) identify the revenues and expenses of the operation as of the date of the ledger report.
A grouping of individual accounts that in total equal the balance of a control account in the General Ledger.