Subsidiary Ledgers and Special Journals-Financial Accounting : Large Resource PPT, PDF, Doc and Excel Files

Subsidiary Ledgers and Special Journals-Financial Accounting

Content Summary Overview

Describe the nature and purpose of a subsidiary ledger. Explain how companies use special journals in journalizing. Indicate how companies post a multi-column journal.

Used to keep track of individual balances.Two common subsidiary ledgers are: Accounts receivable (customers’), Accounts payable (creditors’)

Each general ledger control account balance must equal the composite balance of the individual accounts in the related subsidiary ledger.

Advantages of Subsidiary Ledgers

Show in a single account transactions affecting one customer or one creditor.
Free the general ledger of excessive details.
Help locate errors in individual accounts.
Make possible a division of labor

File Category: Accounting, ppt files
File Added: Thursday, April 22nd, 2010
File Source: cod.edu
File Size: 1.8 MB
Subsidiary Ledgers and Special Journals-Financial Accounting >> Download File Now !

"We do our best to publish and share Non Copyrighted Material on this website,We merely take the power of Google Search, forums, social bookmarks to find those materials and link to it. None of those materials are hosted in this server. We are neither affiliated with authors of any site nor responsible for its content and change of content. If you see unrelated pdf,ppt,xls,and doc files with the description or copyrighted materials published on this website, please contact us, we'll take action as soon as possible.Please read our Disclaimer for more detail"

Most View Software

What are the advantages of the four different special journals, subsidiary ledgers and special journals, what is a subsidiary ledger and what purpose does it serve, What are the advantages of the four different special journals?, advantages of subsidiary ledgers

Recommended Files Downloads

Business ethics is about relationships, values, justice, and iden ...
Business ethics is about relationships, values, justice, and identity (personal,...

Volcanic Gases and the Oxygenation of the Atmosphere ...
There is now general agreement that the atmosphere was mildly reducing...

Gas and Electric Fires for Fireplace ...
Relax – it’s a Gazco Fire. When you choose Gazco, quality and technology...

History of Art and Architecture I ...
the evolution of Western Art and architecture through the centuries until...

Marketing: Linking Attendees with the Sponsor, Community, and Bra ...
Sponsorships involve the acquisition of rights to affiliate or associate...

Inspiration usually strikes: Home Stretch Design ...
A TORONTO TASTEMAKER BREAKS THROUGH WALLS, WALLS AND MORE WALLS TO CREATE...

Fund Accounting Services & Controls ...
Concepts of fund accounting, Understanding the various fund groups, How...

Competitive Pricing Techniques: Economics of the Firm ...
Once production decisions have been made, a firm can be represented by...

Volcanic Ash:Health Effects and Protective Measures ...
As many Idahoans remember, the May 18, 1980 eruption of Mt. St. Helens...

Business model innovators which created shareholder wealth ...
Ford – Integrating product manufacturing on assembly line and national...

Managing Work Groups and Teams ...
How Would You Define a Group? Two or more people who interact regularly...

Making a Mini Herb Garden ...
Herbs enjoy quite a lot of sun and once your seedlings have grown to 4...

Stakeholder and Issues Management Approaches ...
Stakeholder Theory: Stakeholder theory argues that corporations should...

WeightLoss by Fasting Tips ...
Loss of weight indicates, almost guarantees, that detoxification and healing...

Long Run Growth: Macroeconomic Analysis ...
The World Economy Total GDP (2008): $70T Population (2009 est): 6.8B GDP...