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

  1. subsidiary ledgernoun

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

Wikipedia

  1. 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

  1. 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

How to pronounce subsidiary ledger?

How to say subsidiary ledger in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of subsidiary ledger in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of subsidiary ledger in Pythagorean Numerology is: 7


Translations for subsidiary ledger

From our Multilingual Translation Dictionary

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?

Please enter your email address:


Citation

Use the citation below to add this definition to your bibliography:

Style:MLAChicagoAPA

"subsidiary ledger." Definitions.net. STANDS4 LLC, 2024. Web. 15 Apr. 2024. <https://www.definitions.net/definition/subsidiary+ledger>.

Discuss these subsidiary ledger definitions with the community:

0 Comments

    Are we missing a good definition for subsidiary ledger? Don't keep it to yourself...

    Free, no signup required:

    Add to Chrome

    Get instant definitions for any word that hits you anywhere on the web!

    Free, no signup required:

    Add to Firefox

    Get instant definitions for any word that hits you anywhere on the web!

    Browse Definitions.net

    Quiz

    Are you a words master?

    »
    pose a threat to; present a danger to
    A embark
    B observe
    C jeopardize
    D disturb

    Nearby & related entries:

    Alternative searches for subsidiary ledger: