Ask Question
8 November, 17:24

Why does The A/P ledger requires a subsidiary ledger

+5
Answers (1)
  1. 8 November, 21:13
    0
    The subsidiary ledger contains detailed transaction information for an account that is represented in summary within the general ledger. The details of a high-volume account - including information that top-level financial analysts and accountants do not need can sometimes overwhelm the general ledger. The subsidiary ledger provides a place for the transaction detail so that the general ledger includes only the summary information.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Why does The A/P ledger requires a subsidiary ledger ...” in 📙 Mathematics if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers