Your Search word - edger - did not match exactly any word.
Related Definitions
Ledger Balance Ledger Balance is the starting amount mostly in a bank account the following day that remains constant throughout the day. A bank computes a ledger bill at the end of every working day...
General ledger systems General ledger systems generate the company’s income statements and balance sheets and are responsible for managing new and old accounts in the company.
Advantages of Subsidiary Ledgers Subsidiary ledgers have several advantages:
They show in a single account transactions affecting one customer or one creditor, thus providing up-to-date information on specific account balances.
General ledger & Control account A general ledger account summarizes the detailed data from a subsidiary ledger. For example, the detailed data from the accounts receivable subsidiary ledger...
Subsidiary ledger A subsidiary ledger that collects transaction data of individual creditors. Companies use subsidiary ledgers to keep track of individual balances.
The ledger The ledger is the entire group of accounts maintained by a company. The ledger keeps in one place all the information about changes in specific account balances.
Definition