From these daybooks we create the ledger accounts.
13.
Another column will contain the name of the nominal ledger account describing what each value is for.
14.
The following transactions affect all three-ledger accounts:
15.
This list will contain the name of each nominal ledger account and the value of that nominal ledger balance.
16.
The double-entry balance principle is carried still further into a method of balancing the manufactured stock ledger accounts with the commercial ledger.
17.
Instead of billing separately for each individual service that the hotel provides, the charges are accumulated in the company's city ledger account.
18.
Thus, in my records, my " Bank " ledger account has an asset credit balance, which is reduced by the credit for ?00.
19.
A "'trial balance "'is a list of all the general ledger accounts ( both revenue and capital ) contained in the ledger of a business.
20.
In a double-entry bookkeeping system, revenue accounts are general ledger accounts that are summarized periodically under the heading Revenue or Revenues on an income statement.
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