What does subsidiary ledger mean?
Definitions for subsidiary ledger
sub·sidia·ry led·ger
This dictionary definitions page includes all the possible meanings, example usage and translations of the word subsidiary ledger.
Princeton's WordNet
subsidiary ledgernoun
details of an account supporting the amount stated in the general ledger
Wikipedia
subsidiary ledger
The subledger, or subsidiary ledger, provides details behind entries in 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. This corresponding line item in the general ledger is referred to as the controlling account. The subsidiary ledger balance is compared with its controlling account balance as part of the process of preparing a trial balance.As part of an audit, a method of testing balances may include tracing individual acquisitions to the subsidiary ledger for amounts and descriptions. The objective of this test is to determine that the current-year acquisitions schedule agrees with related subledger amounts, and the total agrees with the general ledger.
ChatGPT
subsidiary ledger
A subsidiary ledger, also known as a sub-ledger or detail ledger, is a detailed record of transactions for individual accounts held within a company's general ledger. It provides more specific and detailed information about an account, such as accounts receivable or payable, inventory, equipment, and other account categories. These ledgers are reconciled with the general ledger to ensure accuracy in financial reporting. It helps in streamlining the accounting process by dividing up the accounts based on their nature.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of subsidiary ledger in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of subsidiary ledger in Pythagorean Numerology is: 7
Translations for subsidiary ledger
From our Multilingual Translation Dictionary
- duavica ĉeflibroEsperanto
Get even more translations for subsidiary ledger »
Translation
Find a translation for the subsidiary ledger definition in other languages:
Select another language:
- - Select -
- 简体中文 (Chinese - Simplified)
- 繁體中文 (Chinese - Traditional)
- Español (Spanish)
- Esperanto (Esperanto)
- 日本語 (Japanese)
- Português (Portuguese)
- Deutsch (German)
- العربية (Arabic)
- Français (French)
- Русский (Russian)
- ಕನ್ನಡ (Kannada)
- 한국어 (Korean)
- עברית (Hebrew)
- Gaeilge (Irish)
- Українська (Ukrainian)
- اردو (Urdu)
- Magyar (Hungarian)
- मानक हिन्दी (Hindi)
- Indonesia (Indonesian)
- Italiano (Italian)
- தமிழ் (Tamil)
- Türkçe (Turkish)
- తెలుగు (Telugu)
- ภาษาไทย (Thai)
- Tiếng Việt (Vietnamese)
- Čeština (Czech)
- Polski (Polish)
- Bahasa Indonesia (Indonesian)
- Românește (Romanian)
- Nederlands (Dutch)
- Ελληνικά (Greek)
- Latinum (Latin)
- Svenska (Swedish)
- Dansk (Danish)
- Suomi (Finnish)
- فارسی (Persian)
- ייִדיש (Yiddish)
- հայերեն (Armenian)
- Norsk (Norwegian)
- English (English)
Word of the Day
Would you like us to send you a FREE new word definition delivered to your inbox daily?
Citation
Use the citation below to add this definition to your bibliography:
Style:MLAChicagoAPA
"subsidiary ledger." Definitions.net. STANDS4 LLC, 2025. Web. 14 Feb. 2025. <https://www.definitions.net/definition/subsidiary+ledger>.
Discuss these subsidiary ledger definitions with the community:
Report Comment
We're doing our best to make sure our content is useful, accurate and safe.
If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Attachment
You need to be logged in to favorite.
Log In