See Also: General Ledger Reconciliation and Analysis Account Reconciliation Ledger Account Subsidiary Ledger Definition The subsidiary ledger is a chart of specific accounts that are not included in the general ledger. The accounts in the subsidiary ledgers hold more specific information about the accounts that make up the general ledger. However, do not include the
See Also: Chart of Accounts (COA) Trade Account Problems in Chart of Accounts Design Control Account Definition The definition of a control account is a general ledger account that summarizes (or controls) a subsidiary ledger group of detail accounts. The total should equal the sum of the group of similar accounts. The benefit of not
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