Parts Of General Ledger
Posted by Ana Orwel on Tuesday, April 28, 2009
General ledger is the book that contains all the financial accounts pertaining to a business. It is generally maintained by the companies who have a double entry bookkeeping system.
There are subsidiary ledgers that support the general ledger. In the general ledgers the ledger entries of the subsidiary ledgers are all entered under individual accounts. The parts of general ledger are:
- debit account,
- credit account and
- control account.
The sales daybook, purchase daybook, cash daybook etc. are used to construct the general ledger.
Add A Comment