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Subsidiary Ledger

The document defines and discusses subsidiary ledgers and control accounts in accounting. It explains that a subsidiary ledger contains individual accounts for items grouped under a general ledger account, like accounts receivable or accounts payable. Control accounts in the general ledger act as summaries of the balances in their corresponding subsidiary ledgers. The document also provides examples of sales and purchases ledger control accounts, and notes the advantages of using control accounts to check accuracy and prevent fraud.

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AnnaSeptiyani
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781 views

Subsidiary Ledger

The document defines and discusses subsidiary ledgers and control accounts in accounting. It explains that a subsidiary ledger contains individual accounts for items grouped under a general ledger account, like accounts receivable or accounts payable. Control accounts in the general ledger act as summaries of the balances in their corresponding subsidiary ledgers. The document also provides examples of sales and purchases ledger control accounts, and notes the advantages of using control accounts to check accuracy and prevent fraud.

Uploaded by

AnnaSeptiyani
Copyright
© © All Rights Reserved
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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(BUKU BESAR PEMBANTU)

The subledger, or subsidiary ledger, is a subset of


the general ledger used in accounting.
Subsidiary ledger can called book of analys too
Definition :
(Pengertian)
(source : wikipedia )

A subsidiary ledger is a group of similar accounts
whose combined balances equal the balance in a
specific general ledger account. The general ledger
account that summarizes a subsidiary ledger's
account balances is called a control account or
master account.

Control accounts are sometimes known as total
accounts. A control account act as a summary of the
ledger which it controls.

Definition :
(Pengertian)
(source : Dr. T 's Accounting Problems and Tax
Purpose of Subsidiary Ledgers Definition.htm)

Record trasactions
Transaction


There are two control
accounts.

Sales ledger
control account
/ Total debtors
account
Purchases ledger
control account
/ Total creditors
account.

Sources Of Information For Sales Ledger Control Account:
Sales Sales Book
Cash and Cheques received Cash Book
Dishonoured Cheques Cash Book
Discount allowed Cash Book
Bad debts Journal
Sales Ledger Control Account:
It resembles the account of an individual debtor. It is
an account recording in total the transactions
affecting all the debtors.

Note: Sometimes sales ledger control account too
also has small opening credit balance b/d on a sales
ledger control account, in addition to the usual
opening debit balance. It happens when a debtor has
over paid his account or has returned goods after
paying his account or due amount.


Sources Of Information For This Account
Purchases Purchase Book
Purchases Returns Purchase Returns
Book
Cash and cheque paid Cash Book
Discount received Cash Book
Cash refunds from creditors Cash Book
Purchases Ledger Control Account:
It resembles the account of an individual creditor. It
records the transactions effecting all the creditors.


Note: Sometimes it can happen that there is a small
opening Debit balance on a purchases ledger control
account in addition to the usual credit balance. It
happens when the business has overpaid a creditor,
or has returned the goods after paying the due
amount.


For example Sales Ledger
Control Account:

Subsidiary Ledger
PT. MAJU
TERUS
Rp. 15.000.000
PT. PANTANG
MUNDUR
Rp. 45.500.000
SUM Rp. 60.500.000
List of customer balance :
Acc. Receivable
Rp15.000.000 (23/10)
Rp45.500.000 (25/10)
PT. MAJU TERUS
PT. PANTANG
MUNDUR
Rp.
15.000.000
(23/10)
Rp.
45.500.
000
(25/10)
Rp.
60.500.000
General Ledger

Subsidiary Ledger
CV. SETIA
ABADI
Rp. 6.500.000
CV. SINAR
DUNIA
Rp. 8.000.000
SUM Rp. 14.500.000
List of supplier balance :
Acc. Payable
Rp. 8.000.000 (23/10)
Rp. 6.500.000 (25/10)
CV. SETIA ABADI CV. SINAR DUNIA
Rp.
6.500.000
(25/10)
Rp.
8.000.0
00 (23/10)
Rp.
14.500.000
General Ledger
For example Purchase Ledger
Control Account:


It helps in locating errors.
It helps in checking the arithmetical accuracy of the
ledger it controls.
It gives us readymade figures for Total debtors and
Total creditors on a certain date.
Fraud is made more difficult by the use of control
account.

Advantages Of Control
Account:

A subsidiary ledger provides a company a detailed
record of specific items that are included in the
balance of a general ledger controlling accounting. In
a merchandising company, subsidiary ledgers are
used to track the amounts of receivables from
customers, amounts of money owed to suppliers,
and quantities of products in inventory.
Conclusion :

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