Answer Posted / h.r. sreepada bhagi

General Ledger consists of Individual Ledger A/cs of Parties
(Debtors, Creditors, etc), Incomes, Expenses, Other Assets,
Liabilities, Capital & Reserves' A/cs. A Ledger is a book of
secondary entries & transactions are posted to relevant
Ledger A/cs from the book of Primary Entries (i.e. Purchase
Book, Sales Book, Bank Book, Cash Book, General Journal,
CN/DN Register, etc.)

Each ledger a/c will have all transactions (Debit & Credit)
relating to that account.

On the other hand Trial Balance is an abstract of balances
of all the ledger accounts & bank/cash books as on any
particular date. Trial Balance is prepared to ensure the
correctness of the balances of all the accounts.

In case of Accounting is Computer Software Packages,
transactions are getting recorded simultaneously in the
books of primary entry as well as books of secondary entry.

What is the difference between Open Items and Reconciling Items on a Balance Sheet Reconciliation?

8770

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Explain what is double-entry accounting? Explain with an example?

1084

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what is tribal area allowance means

3189

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credit card expenses entry kisme pass karenge

1422

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What are depreciation and amortization?

1124

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1.recivable and payble 2.pf,tds,esi

2042

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What is accounts receivable?

1122

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WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?

1914

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what is book building

2286

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What is accounting & why it is used?

1123

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List of Indian accounting standards and international financial reporting standards

1745

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Can CPF share given by govt. added in the Financial gross salary while calculating Total gross salary at the end of Financial year.For eg: My gross salary is Rs.X during a Fin. year & govt share of CPF is Y then Total Fin. Year gross salary is =X+Y,is it correct?

2246

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What is customer account?

1098

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When we paid TDS on commission how will journal entry come

1460

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how will decide that vender payment is ok without reco

2359

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