Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Subsidiary ledger


Published on

  • Be the first to comment

Subsidiary ledger

  2. 2. Definition : (Pengertian)   The subledger, or subsidiary ledger, is a subset of the general ledger used in accounting.  Subsidiary ledger can called book of analysis (source : wikipedia )
  3. 3. Definition : (Pengertian)   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.  Control accounts are sometimes known as total accounts. A control account act as a summary of the ledger which it controls. (source : Dr. T 's Accounting Problems and Tax Purpose of Subsidiary Ledgers Definition.htm)
  4. 4. How to record trasactions?  Transaction
  5. 5. There are three control accounts.  Sales ledger control account / Total debtors account Purchases ledger control account / Total creditors account. Inventory Subsidiary ledger
  6. 6. Sales Ledger Control Account: An accounting ledger that shows the transaction and payment history separately for each customer to whom the business extends credit. The balance in each customer account is periodically reconciled with the accounts receivable balance in the general ledger, to ensure accuracy. The subsidiary ledger is also commonly referred to as the subledger or subaccount.  Sources Of Information For Sales Ledger Control Account: Sales Sales Book Cash and Cheques received Cash Book Dishonoured Cheques Cash Book Discount allowed Cash Book Bad debts Journal
  7. 7. Purchases Ledger Control Account: An accounting ledger that shows the transaction history and amounts owed separately for each supplier from whom the business receives credit for purchases. The balance in the customer accounts is periodically reconciled with the accounts payable (AP) balance in the general ledger to ensure accuracy. The AP subsidiary ledger is also commonly referred to as the AP subledger or subaccount.  Sources Of Information For This Account Purchases Purchase Book Purchases Returns Purchase Book Cash and cheque paid Cash Book Discount received Cash Book Cash refund’s from creditors Cash Book Return
  8. 8. Inventory subsidiary ledger   Inventory subsidiary ledger provides information about inventory stock on hand. Inventory subsidiary ledgers may present information about raw materials, work in process, or finished goods such as part number, part description, part location, quantity on hand, unit cost, extended cost, and so on. Source: diary_ledgers_are_used_in_manufacturing_com (source : wikipedia ) panies_part_two.html/page/2
  9. 9. For example Sales Ledger Control Account:  Subsidiary Ledger PT. PANTANG MUNDUR PT. MAJU TERUS Rp. 15.000.000 (23/10) Rp. 45.500. 000 (25/10) List of customer balance : PT. MAJU TERUS Rp. 45.500.000 SUM Rp. 60.500.000 Acc. Receivable Rp15.000.000 (23/10) Rp45.500.000 (25/10) Rp. 15.000.000 PT. PANTANG MUNDUR General Ledger Rp. 60.500.000
  10. 10. For example Purchase Ledger Control Account:  Subsidiary Ledger CV. SETIA ABADI CV. SINAR DUNIA Rp. 6.500.000 (25/10) List of supplier balance : CV. SETIA ABADI Rp. 8.000.000 SUM Rp. 14.500.000 Acc. Payable Rp. 8.000.000 (23/10) Rp. 6.500.000 (25/10) Rp. 6.500.000 CV. SINAR DUNIA Rp. 8.000.0 00 (23/10) General Ledger Rp. 14.500.000
  11. 11. For example inventory subsidiary ledger:  Subsidiary Ledger BOLTS  General Ledger NUTS Rp. 2.500.000 (25/10)  List of supplier balance : Bolts Rp. 1.000.000 SUM Rp. 3.500.000 inventory Rp. 1.000.000 (23/10) Rp. 2.500.000 (25/10) Rp. 2.500.000 Nuts Rp. 1.000.0 00 (23/10) Rp. 3.500.000
  12. 12. Advantages Of Control Account:   It helps in locating errors.  It helps in checking the arithmetical accuracy of the ledger it controls.  It gives us ready made figures for Total debtors and Total creditors on a certain date.  Fraud is made more difficult by the use of control account.
  13. 13. Conclusion :   A subsidiary ledger provides a company a detailed record of specific items that are included in the balance of a general ledger controlling accounting. In a merchandising company, subsidiary ledgers are used to track the amounts of receivables from customers, amounts of money owed to suppliers, and quantities of products in inventory.
  14. 14.