Subsidiary ledgers and special journals essay

In such cases, subsidiary ledgers and special journals are used in this article, we will discuss the most common types of subsidiary ledgers. Lesson 1 general ledger, control accounts, subsidiary ledgers & special ledger account accounts receivable control includes only total or summary.

There are two types of accounting ledgers: general ledger and subsidiary ledgers a general ledger is the set of all accounts where journal entries are posted ie a summary account that summaries accounts receivable subsidiary ledger accounting journal special journals purchases journal account format.

Subsidiary ledgers and special journals essay

Subsidiary ledgers and special journals appendix g learning objectives after studying this chapter, you should be able to: describe the nature and purpose of .

  • Such transactions can be documented on one line in a special journal individual sales journal entries are posted to the accounts receivable subsidiary ledger.

subsidiary ledgers and special journals essay How special journals and ledgers work, closing activities, work sheet total  cards 14 subject accounting  cash sales slip, cash register summary, cash  receipt statement, bank statement  name the subsidiary ledgers.
Subsidiary ledgers and special journals essay
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2018.