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Subsidiary Ledger
A detailed ledger that contains all the transaction details of a specific account, which are then summarized in the general ledger.
Control Account
An account in the general ledger that summarizes the balances of a group of related accounts to keep the general ledger streamlined and manageable.
Control Accounts
Summary accounts in the general ledger that consolidate the details recorded in subsidiary ledgers.
General Ledger
A complete record of all financial transactions over the life of a company.
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