which ledger records all the detailed data for any general ledger account that has many individual subaccounts.
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ledger that contains summary-level data for every asset, liability, equity, revenue, and expense account of the organization. Subsidiary ledger. A ledger used to record detailed data for a general ledger account with many individual sub accounts, such as accounts receivable, inventory, and accounts payable.
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A ledger is a book or collection of accounts in which account transactions are recorded. Each account has an opening or carry-forward balance, would record transactions as either a debit or credit in separate columns and the ending or closing balance.
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