Subsidiary Ledger
As we all know about the ledger it is an accounting book in the double entry system that is used to record and maintain transactions for a business. There are…
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As we all know about the ledger it is an accounting book in the double entry system that is used to record and maintain transactions for a business. There are…
A purchase ledger can be defined as a sub ledger in business accounting that is used to record all the purchases made by the business in that accounting period. The…
A sales ledger is an accounting document that displays a complete itemization of all the sales made by the business along with presentation of these sales in the respective date…
Ledger: Learning Objectives: Define and explain the term ledger. What are the main advantages of ledger? What is the difference between ledger and journal? Explain the method of posting. What…
Difference Between Ledger and Journal: Learning Objectives: What is the difference between ledger and journal? The journal and the ledger are the most important books of the double entry system…
Advantages of Ledger Learning Objectives: What are the main advantages of ledger? The following are the advantages derived from ledger: It is the ledger through which successful application of double…
Definition and Explanation of Ledger: Learning Objectives: Define and explain the term "ledger" What are the features or characteristics of ledger? When all the transactions of a given period have…
Form of Ledger and Method of Posting: Form of Ledger: One account usually occupies one page in the ledger. But if the account is big one it may extend to…
Example of Ledger and Preparing Ledger Accounts: Learning Objectives: How are ledger accounts prepared? Journalise the following transactions and post them to the ledger accounts concerned: 1991 Jan. 1 Purchased…