| A | B |
|---|
| subsidiary ledger | a ledger that is summarized in a single general ledger account |
| accounts payable ledger | 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 |
| controlling account | an account in a general ledger that summarizes all accounts in a subsidiary ledger |
| schedule of accounts payable | a listing of vendor accounts, account balances, and total amount due all vendors |
| schedule of accounts receivable | a listing of customer accounts, account balances, and total amount due from all customers |
| general ledger | a ledger that contains all accounts needed to prepare financial statements |
| accounting | planning, recording, analyzing, and interpreting financial information |
