subsidiary ledger

English - Turkish

Definition of subsidiary ledger in English Turkish dictionary

(Ticaret) yardımcı defter

Related Terms

subsidiary expense ledger

(Ticaret) masraf yardımcı defteri

English - English

Definition of subsidiary ledger in English English dictionary

The subledger, or subsidiary ledger, is a subset of the general ledger used in accounting. The subledger shows detail for part of the accounting records such as property and equipment, prepaid expenses, etc. The detail would include such items as date the item was purchased or expense incurred, a description of the item, the original balance, and the net book value. The total of the subledger would match the line item amount on the general ledger

Contains accounts for the reconciliation account They give more details on the postings made to the reconciliation account in the G/L Example: the subsidiary ledger for accounts payable contains all the amounts owing by vendors, while the reconciliation account contains only the total for all vendors

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 "

The section of the system in which all the revenue and expenditure accounts are maintained All SL accounts have a leading digit (legder number) of 1-7 Most departments use Subsidiary Ledger information rather than General Ledger information

A grouping of individual accounts that in total equal the balance of a control account in the General Ledger

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

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 ])

The subsidiary ledgers (Ledgers 1-9) identify the revenues and expenses of the operation as of the date of the ledger report

details of an account supporting the amount stated in the general ledger

A group of subsidiary accounts, the sum of the balances of which equal the balance of the related controlling account

Hyphenation

sub·sid·i·a·ry ledg·er

Turkish pronunciation

sıbsîdieri lecır

Pronunciation

/səbˈsədēˌerē ˈleʤər/ /səbˈsɪdiːˌɛriː ˈlɛʤɜr/