Accounting
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6 terms
Terms | Definitions |
|---|---|
 Subsidiary ledger | details of an account supporting the amount stated in the general ledger |
| Accounts payable ledger | A subsidiary ledger containing only accounts for vendors from whom items are purchased or bought on account. |
| Accounts Receivable Leger | Information to be recorded in the accounts payable ledger is essentially the same as recorded in the 4 column general ledger. |
| Controlling Accounts | an account in a general ledger that summarizes all accounts in a subsidiary ledger |
| Schedule of accounts payable | A listing of vendor accounts, account balances, and total amount due all vendors. |
| Schedule of accounts receivable | a listing of customer accounts, account balances, and total amount due from all customers, A listing of customer accounts, account balances, and total amount due from all customers. |
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