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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
To Common stock
$20000
By purchases
$10,000
By Balance C/D
Total
$20,000
This is an example of Cash A/C
Why is the cash basis of accounting not used when preparing financial statements?
where dose inventory changes aper on the balance sheet
20 hypothetical inventory transactions both sale and purchase
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