subsidiary ledger

subsidiary ledger definition - business

subsidiary ledger

A record of second-level accounts, the balances of which equal the related accounts in the general ledger. Subsidiary ledgers are used to maintain records of separate accounts such as sales and purchases.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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