Sub Ledger vs Subsidiary account
This query is : Resolved
18 August 2016
Hi all
pls could you pls explain the difference between sub ledger and subsidiary accounts.
19 August 2016
I am sure you know the difference between LEDGER .......and.............. ACCOUNT.
Sub ledger consists of group of accounts grouped under main ledger.....(For a bank.......under main ledger of SAVINGS accounts, there could be sub ledgers of say.....salary savings accounts, zero balance savings accounts, normal savings accounts and so on)
Sub ledger consists of group of accounts grouped under main ledger.....(For a bank.......under main ledger of SAVINGS accounts, there could be sub ledgers of say.....salary savings accounts, zero balance savings accounts, normal savings accounts and so on)
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