Which subsidiary ledger has the personal accounts of customers?

accounts receivable subsidiary ledger
The accounts receivable subsidiary ledger will contain an account for each individual customer. The sales, payments, and returns and allowances are recorded into the individual customer accounts as well as the bigger picture (control account) accounts receivable account.

What is a subsidiary ledger account?

An accounts receivable subsidiary ledger is an accounting ledger that shows the transaction and payment history of each customer to whom the business extends credit. The balance in each customer account is periodically reconciled with the accounts receivable balance in the general ledger to ensure accuracy.

What is a subsidiary ledger containing all accounts for charge customers?

An invoice used as a source document for recording a purchase on account transaction. A subsidiary ledger containing only accounts for vendors from whom items are purchased or bought on account. accounts receivable ledger. A subsidiary ledger containing only accounts for charge customers.

What are the two common subsidiary ledgers?

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 Two common subsidiary ledgers are the Accounts Receivable Ledger and the Accounts Payable Ledger.
 The general ledger account that summarizes subsidiary ledger data is called a control account.

What is the difference between subsidiary ledger and control account?

A subsidiary account is used to track information at a very detailed level for certain types of transactions, such as accounts receivable and accounts payable. A control account is a summary-level account in the general ledger that contains aggregated totals.

Why subsidiary ledger is important?

A subledger or subsidiary ledger provides the details that make up the balance of specific general ledger accounts. Because general ledger accounts only provide an ending balance for each particular account, a subsidiary ledger is used to provide the details that result in that general ledger balance.