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The date columns indicate that this bookkeeping ledger is for the month of April. The above sample ledger page is for the bank account as can be seen in the heading that says Bank. Transaction (unless you follow the reference back to the journal), remembering that every transaction is entered twice into the ledgers to keep them balanced. One account page which other account is involved in the The business transaction, be it a debit or a credit. The reason for this is that each ledger account only shows one side of Straight to the ledger accounts and miss out the journal altogether? Of course, you might then say why not just record the information In other words, it does not keep a running balance for each account. Out in date order, and whilst the journal shows which General LedgerĪccount to debit and which one to credit, it does not provide the meansįor adding up the totals of each account. whilst the journal is a diary of business transactions carried Well, there is a good reason for doing this. You may well ask why the information is first entered into the bookkeeping journalsĪnd then again in the bookkeeping ledgers. What is the point of bookkeeping ledgers? Posted from the General Journal into the appropriate General Ledger Theĭetails from every business transaction, such as the date and amount are Note: if there are a lot of transactions the account may have more than one page.
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This ledger represents one account found in the g eneral ledger.
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This is the main bookkeeping ledger for a business.