Examlex
The people around us with whom we share common features are referred to as our
Subsidiary Ledger
A detailed ledger that contains detailed financial information associated with specific accounts, which is summarized in the general ledger.
General Ledger
A comprehensive set of accounts that records all transactions of a company, categorized into assets, liabilities, equity, revenue, and expenses.
Sales Return
Goods returned by the customer to the seller for a refund or credit due to reasons like defects or dissatisfaction.
General Journal
A comprehensive ledger that records all the day-to-day financial transactions of a business.
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