What Is Subsidiary Ledger

A subsidiary ledger is a group of similar accounts whose combined balances equal the balance in a specific general ledger account. … For example, an accounts receivable subsidiary ledger (customers’ subsidiary ledger) includes a separate account for each customer who makes credit purchases.

Which accounts have subsidiary ledgers?

• Accounts payable ledger.
• Accounts receivable ledger.
• Fixed assets ledger.
• Inventory ledger.
• Purchases ledger.

What is difference between general ledger and subsidiary ledger?

General ledger is the master ledger account which consolidates all subsidiary ledger accounts and which is posted to the trial balance. Subsidiary ledger is a categorization of general ledger to which journal entries are first posted.