Question

What is the difference between the ledger and subsidiary ledger?

Answer 1

ledger- one main account

sub ledger - small many accounts

Answer 2

Answer:

Sub ledger is the subset of General ledger in the accounting terms. The relation between sub ledger to general ledger is many to one. i.e. there can be multiple sub ledger accounts linked to same general ledger account.

In general terms, General ledger refers to the Chart of Account master and Sub ledger refers to the sub master of accounts which are linked to the main chart of account through posting profiles.

Explanation:

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