Difference Between The Accounts Receivable Subsidiary Ledger And Accounts Payable Subsidiary Ledger
Accounts Receivable Subsidiary Ledger Or Subledger And Accounts Payable Subsidiary Ledger Or Subledger / Difference Between The Debtor Subsidiary Ledger And Creditor Subsidiary Ledger In Accounts Receivable Subsidiary Ledger , individual records of each customer are recorded separately while in Accounts Payable Subsidiary Ledger , each supplier or vendor’s specific records are recorded separately. From accounts receivable subsidiary ledger account, we know about Cash Collected From Customers and Credit Sales while from accounts payable subsidiary ledger account, we know about Cash Paid to Suppliers or Vendors and Credit Purchases . Usually, accounts receivable subledger beginning balance is started on debit side and ending balance on credit side while accounts payable subledger opening balance is started on credit side and closing balance on debit side normally. Accounts receivable subsidiary ledger shows us the information of parts of current asset i.e., the amount of re...