on 05-12-2008 11:18 AM
Hi
Can anybody explain vendor subsidiary ledger
Thanks & Regards
Shammi
Hi Shammi,
The concept of vendor subsidiary ledger comes from Accounts Payable ( AP ) Module.
Ex: There is a GL Account "Sundry Creditors" in your GL a/c List. This particular GL account shows the balance of all Vendor a/c which which your company operates. So In your balance sheet, TB and other financial statements only the cumulative balance of all Vendors would be displayed.
If I ask what could be the break up of my Sundry creditors by Vendor wise, then I have to go to Accounts Payable sub mobule which is a sub ledger to your GL Module.
In Accounts Payable ( Sub ledger) you will find the break up by each vendor wise............
so in the above concept we can understadnd Vendor subsidiary ledger as each vendor a/c in AP.
Thanks
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.
User | Count |
---|---|
86 | |
10 | |
9 | |
8 | |
8 | |
6 | |
5 | |
5 | |
4 | |
4 |
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.