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4 years ago

14

Why does The A/P ledger requires a subsidiary ledger

1 answer:

blondinia [14]4 years ago

8 0

The subsidiary ledger contains detailed transaction information for an account that is represented in summary within the general ledger. The details of a high-volume account — including information that top-level financial analysts and accountants do not need can sometimes overwhelm the general ledger. The subsidiary ledger provides a place for the transaction detail so that the general ledger includes only the summary information.

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IRISSAK [1]

Answer:

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ANSWER

See explanation

EXPLANATION

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