0
What else can I help you with?
What are the advantages and disadvantages of subsidiary books?
Advantages of subsidiary books is easy to understand.we can maintain all transactions individually (cash,credit,sales,purchases).help to take financial business decisions for future.
What do you mean by Secondary books of account?
Secondary book are also called Ledger.These can be broadly classified as Main Ledger and Subsidiary Ledger. Subsidiary Ledger further classified into following three types: General ledger,Debtors ledger and Creditor ledger.
What is a subsidiary account?
A subsidiary account is an account that is found in the subsidiary ledger. It is used to summarize the control account.
Example of foreign subsidiary?
IBM and Walmart..... biggest example of foreign subsidiary
What are subsidiary ledgers used for?
Subsidiary ledgers contain the detail that support the general ledger accounts. For example, the general ledger account, "Accounts Receivable" might have a balance of $230. This is the total of all the subsidiary accounts receivable ledgers. So, there would be a subsidiary ledger for John Smith (balance $100), Sam Jones (balance $80) and a subsidiary ledger for George Washington (balance $50). When George pays us the $50 he owes us, we would record it in his subsidiary ledger. That brings George's balance down to $0 and the general ledger account would now be $180 (the total of the two subsidiary ledgers with balances in them). Reasons for subsidiary ledgers: You have to record George's payment as a reduction in what George owe us. If you posted his $50 payment in the general ledger, very quickly you would forget who paid it to you. Also, by looking at the entries in George's subsidiary ledger, you can see what he has charged, what he has paid, and when he has paid. The general ledger is nothing more than the total of the balances in the subsidiary ledgers. The subsidiary ledgers have all the detail.
What are the advantages and disadvantages of subsidiary books?
Advantages of subsidiary books is easy to understand.we can maintain all transactions individually (cash,credit,sales,purchases).help to take financial business decisions for future.
What do you mean by Secondary books of account?
Secondary book are also called Ledger.These can be broadly classified as Main Ledger and Subsidiary Ledger. Subsidiary Ledger further classified into following three types: General ledger,Debtors ledger and Creditor ledger.
What does subsidiary rights mean?
It means you have the right to publish or change something from its original format. It usually refers to books or movies.
Auditor of holding company and subsidiary co?
a holding company may be resolution authorised representation in respect of books of accounts of its s
Different books in accounting?
journal book, ledger book, cash book, trial balance, subsidiary book, balance sheet, brs.
What is a subsidiary account?
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?
What is another word for subsidiary?
Which company is a subsidiary of Renault?
Nissan is a subsidiary of Renault.
What does subsidiary mean?
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)
What is the plural form of subsidiary?
Subsidiaries is the plural form of subsidiary.
What the plural for subsidiary?
The plurals form for the noun subsidiary is subsidiaries.
What is the plural forms subsidiary?
Subsidiaries is the plural form of subsidiary.
