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3 Tutorials that teach Sales & Purchases Subsidiary Ledger
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Sales & Purchases Subsidiary Ledger

Sales & Purchases Subsidiary Ledger

Author: Virginia Coco
Description:

In this lesson, the student will learn about subsidiary ledgers for sales and purchases.

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Tutorial

Notes on "Sales & Purchases Subsidiary Ledger"

Terms to Know

Subsidiary Ledgers

Groups of accounts with similar characteristics, such as sales or purchases, that track the transaction detail and account balances of each individual customer or vendor.

Sale

The selling of inventory by a merchandising business.

Purchase 

The buying of inventory for resale to customers, or assets such as supplies or equipment, for cash or credit.
 

 

Source: All images created by Virginia Coco