A general ledger contains all balance sheet and income statement accounts. A general ledger controlling account represents a summary of transactions recorded in a subsidiary ledger. In turn, a ...

The accounts payable ledger tracks all of the expenses that your business has incurred and that must still be paid. If you have a high volume of payable activity, the specifics can easily be lost in a ...

If one company owns another company in its entirety, or controls more than 50% of its voting stock, the owned or controlled company is known as a subsidiary. When acquiring a subsidiary, there are two ...

Apple's idea for an "e-wallet" iPhone application would allow subsidiary accounts for children, complete with customizable spending limits and restrictions. Apple's interest in the concept was ...