Subsidiary ledgers

Subsidiary ledgers show the individual transactions involving that particular item. For instance, in the case of debtors, it includes the amount of stock bought on credit, cash received from the debtor and the amount outstanding.

What is the purpose of subsidiary ledgers?

Subsidiary ledger is a ledger that assists or helps the general ledger in keeping up to date all necessary information about individual debtors ,creditors ,stocks etc.The importance of ascribing to subsidiary ledger are that ; it takes away the whole lots of bulky information that may not be found necessary from the general ledger, it creats avenue for check which occur between the balance of the control account and the total balances of the individual accounts and moreso,promotes the seperation of obligations/duties between the persons completing or rounding up the general ledger and the person dealing with the subsidiary ledger thereby inventing security for better performance .

What may be the disadvantage of the subsidiary ledger ?

What is the purpose of subsidiary ledgers?

Subsidiary ledgers cover a lot of mistakes if the general ledger has flaws.

En los libros auxiliaries puede llevarse un mayor control especifico sobre acrecencias y clientes especificos

What are the information contained in the general ledger then?

Subsidiary ledger brings in what i may call check and balances in the fold for better results/performances