Chapter#6D: The Subsidiary Ledgers Flashcards Preview

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Flashcards in Chapter#6D: The Subsidiary Ledgers Deck (4)
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1
Q

What does Subsidiary Ledgers do?

A

They keep track of individual customer and vendor names and addresses, aged transactions and other pertinent information

2
Q

What is Integration?

A

It’s when ledgers are linked to the General Ledger

3
Q

What does the Accounts Receivable Ledger hold?

A

all Customer Information

4
Q

What does the Accounts Payable Ledger hold?

A

all vendor information