A general ledger contains all balance sheet and income statement accounts. A general ledger controlling account represents a summary of transactions recorded in a subsidiary ledger. In turn, a ...

Consolidated accounting is used to group the financial information of a parent company and one or more subsidiary companies. A parent company owns the majority of voting shares of a subsidiary company ...

Apple's idea for an "e-wallet" iPhone application would allow subsidiary accounts for children, complete with customizable spending limits and restrictions. Apple's interest in the concept was ...