Interested to Buy Any Domain ? << Click Here >> for more details...
What are the functions of a General Ledger? What accounts
are usually maintained in it and from what subsidiary books
are they derived?
- 1 Answers
- 4134 Views
- Broadridge, I also Faced
- E-Mail Answers
Answer / prathiba
Its Journal not general
Journal or registers books where the transactions are recorded in chronological order.
Its function is to record in a chronological order for each type of asset, liability, equity, revenue & expenses.
The journal is determined by the Chart Of A/c [COA].
Subsidiary books are the division of journal. All the eight registers we discussed are subsidiary books.
1.cash book
2.sales book
3.sales returns book,
4.A/c's receivables book
5.purchase books
6.purchase returns books
7.A/c's payables book
8.Journal proper.
| Is This Answer Correct ? | 7 Yes | 1 No |
goods purchases of Rs.1200 was recorded in the sales book and the Vendor's account was credited by Rs. 1200
What determines Capital flow across the countries?
What do you find most satisfying about this job?
what is depriciation?explain all methods of depriciation?and give more dwtais about depriciation?
Have you ever heard about tds, what it is?
How to prepare HSD statements in tally
What is vendor?
What is the depreciation rates for all the assets?like plant & Machinery,computers,software,land & buildings
Why current assets Liability said & current Liability Assets said...?at tally ERP9
0 Answers Engineers India Limited,
how to calculate closing stock...? include direct exp or not...
how sales invoices adjusted against advance received from Debtor?
what is the journal entries of payable?
Audit 
