Subsidiary accounts are individual accounts that provide detailed information about specific components of a larger account within the general ledger. They are used to track and manage transactions related to a particular aspect of the business, such as accounts receivable, accounts payable, inventory, or fixed assets. Subsidiary accounts allow for more granular reporting and analysis, helping organizations monitor their financial position and performance more effectively. They support the overall accounting system by breaking down aggregated totals into more manageable and informative segments.
Subsidiary accounts are __________.
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