Why Is It Important To Update The Balance Of Subsidiary Ledgers Accounts
Why We Update The Subsidiary / Sub-Ledger Accounts Balances? / The Importance Of Updating Subsidiary Ledger Accounts Balances / Sub Ledger Accounts Balances It is important to update the balance of Subsidiary Ledgers as it reflects in the Main or Master or Control Ledger Account as the information entered into subsidiary ledgers are added up in one master ledger account. This one master ledger account is linked with all of the subsidiary ledger accounts. For example, the accounts receivable subsidiary ledger accounts balances, which are used for one single master or control ledger account is Accounts Receivable Control Ledger Account , are given below: Mr. A = Rs. 3000 ...