Describe the Relationship Between the General and Subsidiary Ledgers

question 89

Essay

Describe the relationship between the general and subsidiary ledgers.

---

Definitions:

Face Value

The nominal value stated on a financial instrument, such as a bond or stock certificate, representing the amount due at maturity.

Coupon

In finance, a coupon refers to the interest payment received by a bondholder from the bond issuer at specified intervals.

Yield To Maturity

The total return expected on a bond if it is held until its maturity date, considering all interest payments and capital gains or losses.

Market Price

The present market valuation at which an asset or service can be sold or bought.