Was told by a BofA rep that it was a subsidiary.
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. For example, an accounts receivable subsidiary ledger (customers' subsidiary ledger) includes a separate account for each customer who makes credit purchases. The combined balance of every account in this subsidiary ledger equals the balance of accounts receivable in the general ledger. Posting a debit or credit to a subsidiary ledger account and also to a general ledger control account does not violate the rule that total debit and credit entries must balance because subsidiary ledger accounts are not part of the general ledger; they are supplemental accounts that provide the detail to support the balance in a control account.
Citibank is a subsidiary of Citigroup
No. They are separate companies.
no, it's A/R
A subsidiary account is an account that is found in the subsidiary ledger. It is used to summarize the control account.
What is another word for subsidiary?
Nissan is a subsidiary of Renault.
Subsidiary means: 1. a.) furnishing aid or support (ex: subsidiary details) 1. b.) of secondary importance (ex: subsidiary stream) 2.) of, relating to, or constituting a subsidy (ex: a subsidiary payment to an ally)
The plurals form for the noun subsidiary is subsidiaries.
Subsidiaries is the plural form of subsidiary.
Subsidiaries is the plural form of subsidiary.
An ultimate parent company considered as a parent company of a subsidiary entity, and the subsidiary entity has its subsidiary entity.
majority-owned subsidiary
The Coleman Company subsidiary, Stearns, produces many different products. The reviews of these products have varied quite a bit, although, generally the reviews are of exceptional quality.
IBM and Walmart..... biggest example of foreign subsidiary
The doctrine of subsidiary alliance was introduced by Lord Wellesley.