Subsidiary Ledger
A subsidiary ledger is a detailed ledger that supports a control account in the general ledger. For example, the accounts receivable ledger contains individual customer balances, while the control account shows the total. It allows for more granular tracking and simplifies reconciliation of financial records.
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Sales Revenue
Sales revenue is the total income generated from selling goods or services before deducting any costs or expenses. It’s the…
Service Revenue
Service revenue is income earned from providing services rather than selling physical goods. It is recognised when the service is…
Segment Reporting
Segment reporting breaks down a company’s financial results by business unit, geography, or product line. It enhances transparency and helps…
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