accounts receivable subsidiary ledger

Definition

A type of ledger used in a company's accounting procedures that separates out the history of payments and transactions for each of the company's customers who have had credit extended to them by the company. The ledger is a temporary account, and is used to aide any updates made to the permanent asset accounts at the end of each period.

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When their payment was received the operations employee would need to account for it on the accounts receivable subsidiary ledger.

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You should always make sure that you remember to make all updates to your accounts receivable subsidiary ledger so it is up to date.

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To complete the monthly report, you will need to check the accounts receivable subsidiary ledger for payments received from each of our customers.

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