what is the difference between sub ledger and general ledger?
446020
The key difference between General Ledger and Sub Ledger is that General ledger prepared by the company is the set of the different master accounts in which the transactions of the business are recorded from the related subsidiary ledgers, whereas, Sub ledger act as an intermediary account set that is linked with the ...
600693
Bin Card vs Stores Ledger The key difference between Bin Card and Stores Ledger lies in the fact that bin card is used in a company to record the transactions of the business which records material received, issued and balance but store ledger is used to record the amount, quantity, type and rate of the material.
691579
The main difference between cmp and sub is that cmp does not store the result of the subtract operation; it performs subtraction only to set the status flags. Similarly, two registers can be compared to see if they both have the same value.
147430
Your Current / Ledger Balance is your beginning of the day balance. Your Available Balance is your beginning of the day balance plus or minus any of Today's Credits or Today's Debits. ... Current / Ledger Balance minus check holds, minus permanent holds, minus temporary holds equals your Available Balance.
977912
General ledger definition A general ledger, or GL, is a means for keeping record of a company's total financial accounts. Accounts typically recorded in a general ledger include: assets, liabilities, equity, expenses, and income or revenue.
1122345
They are CGST(Central GST) & SGST(State GST) for intrastate sale or local sale. IGST ( Integrated GST) for interstate sale and UGST for sale in union terittory. In this tutorials we will learn how to create all these GST tax ledgers in tally erp 9. From Gateway of Tally, go to Accounts Info.
421961
There's no difference between Single and multiple ledger. The difference is only in the method of creation of ledger account and the details which are punched while creating ledger.
588734
Ledger Nano X vs Ledger Nano S The Nano X connects to iOS devices, while the Nano S only works with desktop computers and androids. They both support the same coins. The Nano X also has a slightly larger screen.
1097886
The general ledger includes information that does not meet the specific requirements of subsidiary ledgers. However, companies prefer to use subsidiary ledgers when recording financial transactions to limit the amount of detailed information in the general ledger.
421898
A general ledger is the account used to store and sort the balance sheet and income statement transactions. ... In other words, a journal voucher makes entries into the general journal, whose transactions are then used for the preparation of the ledger.
946474
A general journal refers to a book of original entry in which accountants and bookkeepers record business transactions, in order, according to the date events occur. The general ledger tracks five prominent accounting items: assets, liabilities, owner's capital, revenues, and expenses.
1288886
Hi Austin, The main difference is the Global Dimension are posted/stored to a number of the table e.g. G/L Ledger entry. The shortcut dimension are held on sub-table. The Global dimension should be selected carefully and be meaningful to the business.
853676
SEGMENT REPORTING: The New General Ledger allows reports to be prepared on the basis of segments based on the International Financial Reporting standards (IFRS) and Generally Accepted Accounting Principles (GAAP) COST OF SALES ACCOUNTING: The New General Ledger allows the costs of sales accounting to be implemented.
541293
Cash book consist of all expenses involved cash and bank operations whereas the ledger consists of all type of expenses and accounts related to assests,liabilities and parties to the business. ... But a ledger is a book contains all accounts related to the business including cash and credit transactions.
199113
Key Takeaways. A general journal refers to a book of original entry in which accountants and bookkeepers record business transactions, in order, according to the date events occur. The general ledger tracks five prominent accounting items: assets, liabilities, owner's capital, revenues, and expenses.
74819
In summary, an accounting transaction is recorded into a journal, and then the information in the journal is posted into the accounts which are stored in the general ledger. The general journal is the repository for transactions that are not recorded in a specialty journal.
432472
Posted in SAP Interview Questions. ... Each SAP reconciliation account is used to reconcile the sub ledgers with the general ledger. SAP reconciliation accounts are reported on the financial statements, while the individual sub ledger accounts are not. The SAP general ledger is linked to the sub ledgers.