Subledger VS General Ledger Or Subsidiary Ledger VS General Ledger
Here we discuss the difference between Subledger and G eneral Ledger or Subsidiary Ledger and General Ledger. You may also be interested in “ D ifference Between General Journal and General Ledger ” 1. General Ledger is the master book of all the individual ledgers. 2. Subledger is the Subsidiary Ledger which includes accounts of individuals, individuals persons or customers. 3. General Ledger is a wider term while Subledger is a narrow term. 4. General Ledger is the Control Account where all the transactions are finally totaled from the Subledger. 5. In subledger we record individuals records of customers or suppliers or sales or purchases, etc. and all these accounts are totaled at one place in Control Ledger or General Ledger or Master Ledger. 6. Here we discuss an example of A ccounts Receivable . Suppose, if the company has many customers and there are so many B usiness Transactions occurred on dail...