While the accounts receivable subsidiary ledger is prepared based on sales journals, cash receipts, and general journals. Transaction Example In Canada Phone Number Data order to better understand the subsidiary ledger as well as how to compile it, it would be better if we discussed with case examples. Say for example PT Aceh has receivables of Rp. The data is also easier to understand because it is more concise. In addition, companies can also crosscheck more easily by comparing the ending balance in the general journal with the details in the subsidiary ledger. From five 1 million customers as of August 31.
These journals are sourced from transaction evidence such as invoices, notes, receipts, cash, and receipts. The accounting cycle First of all, the cycle begins when a transaction occurs and is recorded in the general journal. They will find it difficult to know the outstanding balance of a customer at any given time. This is, of course, anticipated by the subsidiary ledger. In accounts receivable, the subsidiary ledger will also record data about customers. While the general ledger will contain the general ledger accounting data, the subsidiary ledger contains the details of the general ledger. That's why it's common for this book to only be called a subsidiary book For example like this.