Purchase Solution

What is the purpose of subsidiary ledgers?

Not what you're looking for?

Ask Custom Question

What is the purpose of subsidiary ledgers and what are the possible ramifications of not using subsidiary ledgers? How are subsidiary ledgers used in journalizing entries?

Purchase this Solution

Solution Summary

The solution discusses when subsidiary ledgers are used and why they are used. There are five negative events that can result when not using subsidiary ledgers. The solution is cited.

Solution Preview

Subsidiary ledgers are a method used to handle the details of a single general ledger account. Any general ledger account might have a subsidiary ledger developed to analyze the details of the account, but the most common ones are for accounts receivable and accounts payable.

These two general ledger accounts tend to have the most activity ...

Purchase this Solution


Free BrainMass Quizzes
Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Paradigms and Frameworks of Management Research

This quiz evaluates your understanding of the paradigm-based and epistimological frameworks of research. It is intended for advanced students.

Organizational Behavior (OB)

The organizational behavior (OB) quiz will help you better understand organizational behavior through the lens of managers including workforce diversity.

Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

Writing Business Plans

This quiz will test your understanding of how to write good business plans, the usual components of a good plan, purposes, terms, and writing style tips.