Accounts Receivable Ledger

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1 Types

Definitions

Accounts Receivable Ledger Accounts Receivable Customer Transactions General Ledger Reconciliation Financial Accounting Detailed Ledger

An Accounts Receivable Ledger is a detailed listing of transactions for each customer, showing how much each customer owes. Each transaction that generates a receivable is recorded under that customer, making it possible to determine individual balances. The total balance in this ledger should match the corresponding figure in the General Ledger.

Definitions

Subsidiary Ledger

Subsidiary Ledger Accounts Payable Ledger Accounts Receivable Ledger General Ledger Financial Accounting Detail Records Data Consistency

A subsidiary ledger provides detailed information supporting a specific umbrella account found in the general ledger, ensuring data consistency and detailed record-keeping.