Subsidiary Ledger (Noun)
Meaning
Details of an account supporting the amount stated in the general ledger.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The subsidiary ledger contains the details of the accounts receivable amount stated in the general ledger.
- All supporting details of sales transactions are recorded in the subsidiary ledger to match the entries in the general ledger.
- We cross-checked the subsidiary ledger to verify the accuracy of the total accounts payable stated in the general ledger.
- To match the trial balance, the accountant tallied the various subsidiary ledgers with the respective accounts in the general ledger.
- The auditors requested a copy of the subsidiary ledger that supports the total accounts receivable listed in the company's general ledger.