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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Share Capital
Share capital is the total amount invested in a company by shareholders in exchange for shares. It represents a key…
Stocktaking
Stocktaking is the physical counting and verification of inventory on hand at a specific point in time. It ensures the…
Sales Revenue
Sales revenue is the total income generated from selling goods or services before deducting any costs or expenses. It’s the…
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