Accounts Receivable Subsidiary Ledger vs. General Ledger As the name suggests, a general ledger is a ledger that records all of a business's transactions.

A general ledger contains all balance sheet and income statement accounts. A general ledger controlling account represents a summary of transactions recorded in a subsidiary ledger. In turn, a ...

Accounts Payable Subsidiary Ledger Details The subsidiary ledger is a job sheet for total payables owed to suppliers. The aforementioned general ledger is a central archive for tracking all ...

Explanation A subsidiary accounts receivable ledger -- or account -- is basically a list of clients who are in debt to your company.

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Control accounts are summary ledger accounts that aggregate balances from detailed subsidiary ledgers. They are used to simplify general ledgers, improve reporting efficiency, reduce errors, and ...