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General ledger is just another name given to nominal ledger. Nominal ledger is a ledger that maintains impersonal accounts like sale , purchase, capital etc.
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What is a general ledger also known as?
A nominal ledger
What is self balancing ledger?
Self balancing ledgers is system in which two or more ledgers are balanced through making general or nominal ledger.
What is trial balace?
A trial balance is a list of all the nominal ledger (general ledger) accounts contained in the ledger of a business. This list will contain the name of the nominal ledger account and the value of that nominal ledger account. The value of the nominal ledger will hold either a debit balance value or a credit value balance. The debit balance values will be listed in the debit column of the trial balance and the credit value balance will be listed in the credit column. The profit and loss statement and balance sheet and other financial reports can then be produced using the ledger accounts listed on the trial balance...cj pulgar
What is the difference between a general ledger and a trial Balance?
A general ledger shows complete financial transactions over the life of a company. The trial balance just shows debits and credits of the business.
Where do you keep personal accounts of supplier?
nominal ledgergeneral ledgerpurchases ledgersales ledger
What is another name for General Ledger?
Another name for the General Ledger is Nominal Ledger.
What is a general ledger also known as?
A nominal ledger
What is the trail balance?
If you are referring to a Trial Balance in Accounting, the Trial Balance is a list of nominal ledger (general ledger) accounts contained in the Ledger of a Business.
What is self balancing ledger?
Self balancing ledgers is system in which two or more ledgers are balanced through making general or nominal ledger.
What is trial balace?
A trial balance is a list of all the nominal ledger (general ledger) accounts contained in the ledger of a business. This list will contain the name of the nominal ledger account and the value of that nominal ledger account. The value of the nominal ledger will hold either a debit balance value or a credit value balance. The debit balance values will be listed in the debit column of the trial balance and the credit value balance will be listed in the credit column. The profit and loss statement and balance sheet and other financial reports can then be produced using the ledger accounts listed on the trial balance...cj pulgar
What is the difference between a general ledger and a trial Balance?
A general ledger shows complete financial transactions over the life of a company. The trial balance just shows debits and credits of the business.
Where do you keep personal accounts of supplier?
nominal ledgergeneral ledgerpurchases ledgersales ledger
Difference between cash book and ledger?
noob
The principal ledger that contains all the balance sheet and income statement accounts is the general ledger?
general ledger
What is the purpose of the general ledger?
what is the purpose of the ledger?
What record that contains all accounts of company?
general ledger, general journal, special ledger, special journal, column balance ledger.
What is the Difference between cash book and ledger?
Day book is the book which we use to record day today record,but Ledger is a book in which we keep classified data
