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Should general ledger be capitalized if refering to it like General Ledger entries?
In general, "general ledger" should not be capitalized when used in a sentence unless it is part of a title or a heading. Therefore, you would typically write "general ledger entries" in lowercase. However, if you are referring to a specific system or software that uses "General Ledger" as part of its official name, then capitalization would be appropriate in that context.
When to capitalize General Ledger?
"General Ledger" should be capitalized when it refers to a specific accounting system or document, as it is a proper noun in that context. For example, you would write, "The General Ledger for the month of January is complete." However, when using the term generically to describe the concept of a ledger, it can be written in lowercase, such as "We need to update the general ledger."
What is guest ledger?
A subsidiary ledger related to the accounts receivable general ledger account used by hotels to record the individual account activity of guests who are still at the hotel. The total of the balances in the city ledger plus the total of the balances in the guest ledger should equal the balance in the accounts receivable general ledger account.
Invoices should be coded for distribution in the General Ledger by referring to the?
chart of accounts
Closing entry need to be?
Closing entries should be journalized and posted. They are entered in the general journal, as well as posted in the general ledger.
Difference between sub-ledger and general ledger?
SUB LEDGER (Depatmental Operating Accounts)An account in the Sub Ledger has a non-zero first digit (eg. 3-3XXXX) and reflects all budget, revenue, expense and encumbrance activity for the current year. Except for a very few cases, all requisitions should be prepared using Sub Ledger accounts.GENERAL LEDGERAn account in the General Ledger has zero as its first digit (eg. 0-3XXXX) and reflects the cumulative status to date of the account. The most important information on the General Ledger account statement is the fund balance account control (3X00, where X represents the second digit of the account number). This amount is the cumulative account balance. If the amount is a credit (negative figure) there is a surplus in the account. If the amount is a debit (positive figure) there is a deficit in the account.
What should be implemnted first in an erp system general ledger or accounts payable?
Not only did you classify this in the wrong section, you asked it twice, both times in the health section. No answer for you.
The posting reference should always be recorded in the journals post reference column before amounts are recorded in the ledger?
I always did the ledger first and then went from ledger to journal.
What should the post closing trial balance is best prepared from?
The General Ledger provides all the information you need to prepare a Post Closing Trial Balance as well as a Trial Balance, etc. A post closing trial balance is a trial balance that is prepared "before" accounts are closed out for the accounting period, such as expenses, revenues, etc. Adjusting entries are made to the General Ledger from the Journal entries and then a PCTB is prepared using the information obtained in the Ledger.
Posting reference on the journal should be?
should be entered when posting to the ledger
Do you have to remove cedar siding to install deck ledger board?
Yes, the ledger should have the best mounting area you can give it.
The ledger accounts should be arranged in?
financial statement order
