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what are the two forms of ledger is maintained in accountancy

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What is the term for the entire group of accounts maintained by a business?

general ledger


What is a financial accounting record that is maintained for each patient who receives proffessional services?

It is called a Ledger.


How is a ledger or account book is maintained?

When a transaction occurs, a journal entry is made coinciding with this transaction. Later these transactions are posted from the journal to the ledger, then a trial balance is made to insure that the accounts are accurate and "balance".


How can we do ledger posting?

Ledger posting involves transferring transaction data from journals to the general ledger, where accounts are maintained. To do this, first, ensure that all transactions are accurately recorded in the journal with relevant details. Next, classify each transaction by account type and post the amounts to the corresponding ledger accounts, updating the balances accordingly. Finally, regularly review and reconcile ledger accounts to ensure accuracy and completeness.


What is the purpose of patient ledger cards and encounter forms?

This helps to keep patient payments up to date. The ledger shows the date the patient was billed and how much they paid.


Is the noun ledger a concrete noun?

Yes, the word 'ledger' is a concrete noun, a word for a book or other forms of collected of financial accounts; a word for physical records.


There are two types of control account what are they?

sales ledger control account and purnchase ledger control account


What printed forms used for accounts appears on separate sheets in a book or a blinder are called?

They are called account forms or ledger sheets. These forms provide a structured format for recording financial transactions and organizing information for the purpose of maintaining accurate and systematic accounting records.


For a Government insurance claims must be maintained for?

Government insurance claim forms must be maintained for six years.


What is the entire group of accounts maintained by a company called?

General ledger-a collection of all the accounts used by a business that could appear on the financial statements


What is the book or binder called that is used for printed forms used for accounts on separate sheets?

The account forms are kept in a book or binder called a ledger.


What are the two general ledger accounts that may act as control accounts for a subsidiary ledger?

accounts receivable and accounts payable