For example, Accounts Receivable is the controlling account for the Accounts Receivable Subsidiary Ledger. In this subsidiary ledger, each credit customer has their own account with their own balance. Thus, while the Accounts Receivable balance can report how much the company is owed, the Accounts Receivable subsidiary ledger can report how much is owed from each credit customer.
Other examples of controlling accounts and their subsidiary ledgers include Accounts Payable (accounts payable subsidiary ledger), Notes Payable (notes payable subsidiary ledger), Notes Receivable (notes receivable subsidiary ledger), and Equipment (equipment subsidiary ledger).
Wipo Publishes Patent of Huawei Technologies, Zhu Zhaosheng, Qi Guangyu for "Method, Device and System for Controlling Account Management Operation" (Chinese Inventors)
Oct 04, 2012; GENEVA, Oct. 4 -- Publication No. WO/2012/126422 was published on Sept. 27. Title of the invention: "METHOD, DEVICE AND SYSTEM...