Principle purpose of this article is to Discuss on Subsidiary Ledgers. Here explain Subsidiary Ledgers in accounting term with proper example. A subsidiary ledger is several similar accounts whose combined balances equal the balance in a specific common ledger account. The general ledger consideration that summarizes a additional ledger’s account balances is called a control account or master consideration. For example, an accounts receivable subsidiary ledger incorporates a separate account for each and every customer who makes credit purchases.