What Is the Difference Between a Subsidiary and General Ledger?

General ledger, also called general ledger, is an account book that is classified and registered according to a general ledger account (accounting account). The general ledger can comprehensively and comprehensively reflect and record the movement of funds and financial income and expenditure caused by economic operations, and provide data for the preparation of accounting statements. Therefore, each unit must have a general ledger. ^[1]

General ledger

General ledger

The basis and method of registration of the general ledger depends mainly on the

General ledger and detailed ledger

The general ledger is a comprehensive analysis of the detailed ledger, and it is the account that controls the detailed ledger. For the detailed ledger, we need to supplement the general ledger. In other words, the detailed ledger serves the purpose of detailed description. For the general ledger and the detailed ledger, they have a lot in common. Since the original vouchers registered are the same, and the accounting content is also the same, the combination of the two plays an overall and detailed reflection purpose. Therefore, when the general ledger and the detailed classification are registered, the parallel registration method must be adopted for recording. For the same economic business, it is necessary to register the general ledger collectively, and also to register the detailed ledger related to the general ledger. ^[2]