What is ledger, Accounting Basics

 

Ledger = From the Journal entries we will post the transactions in a book known as Ledger. Ledger is a book which contains the summarized and classified form of permanent records of all transactions .The format of ledger is as follows;

Dr.                                                                                                                                                      Cr.                                                                         

 Date

        Particulars         

       Amount

    Date

        Particulars

     Amount

 

To Common stock

 

$20000

 

By purchases

 

$10,000

 

 

 

 

By Balance C/D

 

$10,000

 

Total

 

$20000

 

Total

 

$20,000

This is an example of Cash A/C

 

Posted Date: 7/26/2012 5:29:11 AM | Location : United States







Related Discussions:- What is ledger, Assignment Help, Ask Question on What is ledger, Get Answer, Expert's Help, What is ledger Discussions

Write discussion on What is ledger
Your posts are moderated
Related Questions
Process Solutions provides a computer-based document processing service. The accountant has produced the following analysis.   Standard Modifi

The fundamental concepts, discussed in the previous paragraphs, are the core components in the theory of accounting. Such concepts as postulates or conventions, although, permit a

Received and paid the telephone bill for $231 including GST

Q. Financial statements in European countries? In a few European countries the financial statements contain secret reserves. These secret reserves occur from a company not repo

State the term- Liabilities Current Liability is a debt which is due for payment within one year. Long-term liability is one NOT paid in a year. OWNER'S EQUITY Also

If my company sells 4000 shares of common stock for $86,400, how do I record this in the Journal?

Journal voucher is the voucher in which all the adjustment related entries and non cash non bank transactions are come ijournal eg-dep, some of them book the bills in journal and

Hi i just need the solution of case study.


Q. Explain about Money measurement concept? Money measurement concept. Economic activity is primarily recorded and reported in a common financial unit of measure the dollar in