Question

match each subsidiary ledger and general ledger post one on each description

Answer 1

answrer:

• the A subledger is a record containing the majority of a nitty gritty sub-set of exchanges.
• The aggregate of the exchanges in the subledger move up into the general record.
• For instance, a subledger may contain all records receivable, or creditor liabilities, or settled resource exchanges.
• Precedents of auxiliary records are:
• Records payable record.
• Records receivable record.
• Settled resources record.
• Stock record.
• Buys record.
• The backup record gives a chance to more readily screen the individual exchanges of a specific controlling general record account. Control accounts usually bolstered by auxiliary records incorporate the records receivable and creditor liabilities accounts.
• A records payable auxiliary record is a bookkeeping record that demonstrates the exchange history and sums owed for every provider from whom the business gets kudos for buys.
• A general record account is a record or record used to sort and store asset report and pay explanation exchanges.
• Models of general record accounts incorporate the benefit records, for example, Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment.
• An auxiliary record contains the subtle elements to help a general record control account.
• For example, the auxiliary record for records receivable contains the majority of the data on every one of the credit deals to clients, every client's settlement, return of stock, rebates, et cetera.
• A general record (GL) is an arrangement of numbered accounts a business uses to monitor its monetary exchanges and to plan money related reports.
• Each record is a one of a kind record abridging each sort of benefit, risk, value, income and cost.
• What are the diverse sorts of record accounts?
• Records include:
• Deals record, records debt claims. This record comprises of the money related exchanges made by clients to the organization.
• Buy record records cash spent for buying by the organization.
• General record speaking to the five primary record types: resources, liabilities, pay, costs, and Capital.
• What are the classes of record?
• The record accounts are characterized into five classifications to be specific,
• Resources,
• Liabilities,
• Capital,
• Incomes/gains and.
• Costs/misfortunes.
• Outline F-1 exhibits a diagram of the relationship of auxiliary records to ... Toward the finish of a bookkeeping period, each broad record control account balance ... Organizations post to the individual records in the backup.