what is subsequent ledger? and what is the difference between subsequent and sub sidiary ledgers?

Answer 1

I've not heard of a subsequent ledger. Where did you get that from?

A subsidiary ledger is a group of similar accounts whose combined balances equal the balance in a specific general ledger account. The general ledger account that summarizes a subsidiary ledger's account balances is called a control account or master account. For example, an accounts receivable subsidiary ledger (customers' subsidiary ledger) includes a separate account for each customer who makes credit purchases. The combined balance of every account in this subsidiary ledger equals the balance of accounts receivable in the general ledger. Posting a debit or credit to a subsidiary ledger account and also to a general ledger control account does not violate the rule that total debit and credit entries must balance because subsidiary ledger accounts are not part of the general ledger; they are supplemental accounts that provide the detail to support the balance in a control account.

Answer 2

Your available balance usually refers to what you have in your checking account after checks/charges have been posted for that day. The ledger balance is an accounting term. A ledger is a system of keeping track of everything that goes on in your business. The ledger balance adds up all the credits and debits. The debits and credits are ALWAYS equal. The ledger balance is also where your business/personal account stands at a specific time, mostly the end of a month.