Ledger Question:

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What is control ledgers?

Ledger Interview Question
Ledger Interview Question

Answer:

In a business, sometimes it is not feasible to carry accounts of all the suppliers and customers in the main ledger. In such cases apart from General or main ledger, the control ledgers are maintained. Control ledgers records the individual accounts. In the end of the period, balance shown in the main ledger has to tally with the balance in the individual ledger accounts maintained in the control ledger.

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General Ledger Questions Part 2:What are the purposes of maintaining control ledgers?