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

What does Subsidiary Ledgers do?

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

2

What is Integration?

It's when ledgers are linked to the General Ledger

3

What does the Accounts Receivable Ledger hold?

all Customer Information

4

What does the Accounts Payable Ledger hold?

all vendor information