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subsidiary ledgers Definition

A subsidiary is a group of accounts with a common characteristic. The subsidiary ledger frees the general ledger from the details of individual balances. A subsidiary ledger is an addition to, and an expansion of the general ledger.

Two common subsidiary ledgers are:
i) The accounts receivable (or customers) subsidiary ledger, which collects transaction.
ii) The accounts payable (or creditors) subsidiary ledger. Which collect trisection data of individual creditors.
          In each of these subsidiary ledgers, individual account are usually arranged in alphabetical order.