1. From these nominal ledger accounts a trial balance can be created. 2. The trial balance lists all the nominal ledger account balances. 3. Double entry is used only in nominal ledgers . 4. The double entry system uses nominal ledger accounts. 5. Each nominal ledger account will hold either a debit balance or a credit balance. 6. Each nominal ledger account is unique, which allows its ledger to be located. 7. Another column will contain the name of the nominal ledger account describing what each value is for. 8. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. 9. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. 10. It is not used in daybooks ( journals ), which normally do not form part of the nominal ledger system.
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