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12y ago

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What book is the drawings account kept?

general ledger


What record book does the trial balance go in?

general ledger


What is a Book of accounts of credit and debit called?

The General Ledger


What is a book of accounts showing debits and credits called?

The General Ledger


What is another name for General Ledger?

Another name for the General Ledger is Nominal Ledger.


The purchase day book is a part of the ledger statement are 'true' or 'false'?

False. The purchase day book is not a part of the ledger; it is a subsidiary book used to record all purchases made on credit. Entries from the purchase day book are later posted to the individual accounts in the general ledger.


The principal ledger that contains all the balance sheet and income statement accounts is the general ledger?

general ledger


What do i do in general ledger?

General ledger is the book of final entry of all business transactions of a company. Primarily, any end balance from the said ledger of all accounts used by a particular business enterprise is the...The all important books in the financial transaction is known as ledger.A general ledger is a summary of all transactions that occur in a company (this is not entirely accurate, the general ledger shows you the balances and debits and credits to each specific account but..


What is the purpose of the general ledger?

what is the purpose of the ledger?


What do you mean by Secondary books of account?

Secondary book are also called Ledger.These can be broadly classified as Main Ledger and Subsidiary Ledger. Subsidiary Ledger further classified into following three types: General ledger,Debtors ledger and Creditor ledger.


What is difference between Nominal Ledger general ledger?

General ledger is just another name given to nominal ledger. Nominal ledger is a ledger that maintains impersonal accounts like sale , purchase, capital etc.


What is a general ledger also known as?

A nominal ledger