Monday, November 26, 2007. Subsidiary ledger- ledger that is summarized in a single general ledger account. Accounts Payable Ledger- subsidiary ledger that contains only accounts for vendors from whom items ate purchased of bought on account. Accounts Recivable Ledger- subsidiary ledger that contains only accounts form charge customer. Subsidiary ledgers are contained within controlling accounts. A schedule of accounts payable is a list of vendor accounts, account balances, and total amounts due.

Monday, December 3, 2007. The money paid for employee. The period covered by a salary payment. The total amount earned by all employees for a pay period. The total pay due for a pay period before deductions. Taxes based on the payroll of a business. An deduction from total earnings for each person legally supported by taxpayer, including the employee. A federal tax paid for old-age, survivors. A federal tax paid for hospital insurance. The maximum amount of earnings on which a tax is calculated.

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