Accounts Receivable Subsidiary Ledger
Here we will study about Accounts Receivable Subsidiary Ledger in Accounting. You may also be interested in “ Subsidiary Ledger VS General Ledger ” Accounts Receivable Subsidiary Ledger is, basically, the account of individuals persons or customers of the company. For Example, Mr. is the Customer, Mr. B and so on. Then individual account is maintained for each of individuals in the concerned Subsidiary or Sub-Ledger Account. e.g., Mr. A, Mr. B and so on. All the Balan ces of Subsidiary Ledgers of Customers are totaled or sum up and transferred to Accounts Receivable Control Account or Main Account or Master Account. Let Suppose, There are three Customers to whom the company ABC sold goods worth Rs. 100000. Rs. 30000 Sold Goods to Mr. A. Rs. 40000 To Mr. B And Rs. 30000 To Mr. C On Credit Basis. Then Subledger for Each of these customers are maintained by the company with their respective names as shown below: ...