Unformatted text preview: group of similar accounts ledger that when added equal the general ledger account amount. These ledgers are used to further explain the information on the general ledger so that it can be checked and verified. A control account is a summary in the general ledger it is used to keep the general ledger free of clutter. The advantage to using subsidiary ledgers would be that it would make your books more accurate and would allow you to notice and fix mistakes in the general ledger. Accounts receivable and accounts payable could be used as control accounts for a subsidiary ledger....
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- Spring '11
- invoice, Cash Payment Journal