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URL:https://www.learndesk.us/class/6496359790149632/financial-accounting-6-subsidiary-ledgers-and-special-journals?ref=outlook-calendar
SUMMARY:Financial Accounting #6: Subsidiary Ledgers and Special Journals
DTSTART;TZID=America/Los_Angeles:20260506T190000
DTEND;TZID=America/Los_Angeles:20260506T200000
LOCATION:https://www.learndesk.us/class/6496359790149632/financial-accounting-6-subsidiary-ledgers-and-special-journals?ref=outlook-calendar
DESCRIPTION: 
We record transactions using special journals and track accounts receivable by customers and accounts payable by a vendor using the subsidiary ledger.
We should have a good understanding of debits and credits before this course and we have courses covering debits and credits. We can construct an accounting system where we record every financial transaction using debits and credits in a general journal, posting each journal entry to the general ledger, making the trial balance form the general ledger, and the financial statements from the trial balance. The process of recording every transaction using debits and credits is the process we have used in the past.
To reduce the amount of data input when using a manual system, we can group transactions by transaction type and create special journals to record them. An accounting system using special journals can reduce data input by limiting the amount of data needed to be input for each transaction due to the format of the special...

https://www.learndesk.us/class/6496359790149632/financial-accounting-6-subsidiary-ledgers-and-special-journals?ref=outlook-calendar
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