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General Ledger
A comprehensive set of accounts that records all financial transactions of a business, providing the data needed to compile financial statements.
Accounts Receivable
The amount of money owed to a company by its customers for goods or services sold on credit.
Subsidiary Ledger
A detailed ledger that contains all the transaction-level detail for accounts in the general ledger, often used for accounts receivable, accounts payable, etc.
Subsidiary Ledger
A set of detailed accounts that supports the balance reported in a general ledger control account.
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