keykeshell19 keykeshell19
  • 23-02-2018
  • Mathematics
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Why does The A/P ledger requires a subsidiary ledger

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Аноним Аноним
  • 23-02-2018
The subsidiary ledger contains detailed transaction information for an account that is represented in summary within the general ledger. The details of a high-volume account — including information that top-level financial analysts and accountants do not need can sometimes overwhelm the general ledger. The subsidiary ledger provides a place for the transaction detail so that the general ledger includes only the summary information.
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