Answers:
the SUB-ledger is in TRAINing.
Hi Venkat:
This sounds, almost, like an SAP or accountancy question. The main ledger (normally the General Ledger) is the primary ledger used for generating the financial statements of the company. It is where the primary postings of the accounting activities for an organization reside.
The sub-ledgers are those that support certain specific functions like accounts receivable, accounts payable, materials, fixed assets, and the like. The sub-ledgers maintain balances at the individual customer, vendor, material or asset level. The general ledger retains the summary balance for all customers, all vendors, all materials and all assets.
The balances of all records in the sub-ledger should equal the balance in the related summary account in the general ledger. As an example, if you add up all the individual customer balances in the sub-ledger, they should equal the total in the Accounts Receivable summary account (sometimes called a Reconciliation Account in SAP) in the general ledger.
I hope this is helpful for you.
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