What is a General Ledger Balance? How can it be arrieved at?
Answers were Sorted based on User's Feedback
Answer / rajesh
General ledger balance nothing like statement of accounts
for particular creditors/debtors.during finalization of
accounts we have confirm this to our debtors/creditors.
eg: Sundry Debtors
Sales is Rs.10,000/-.
We got cheque for Rs.10,000/-. Now ledger balance is Nil
Eg: Sundry Creditors
Purchase is Rs.50,000/-.
We given Cheque for Rs.44,000/-. Balance amount Rs.6,000/-.
payable to them.this is general ledger balance. it can be
arrived at Balance sheet.if it is sundry creditors will get
from current liabilities & sundry debtors will get from
|Is This Answer Correct ?||8 Yes||2 No|
Answer / pawan kumar garg
General Ledger reflects the transaction done during the
period for a particular vendor/debtors/expediture.
|Is This Answer Correct ?||5 Yes||1 No|
what is meant by debit and credit
what is the entry for cash received and after deposited in to the bank
Under what rate will be the Head office related accounts, like Head Office Current A/c, Goods from Head Office A/c, will be converted in case of Foreign Branch...??
What is dematerialisation and its benefits?
most recently asked questions
what is mean by brs?
what is interest on capital
what is the mean of accounting standerds and what is it and pls explean about this
how does equity shares effect in balance sheet? please friends send answer for this question to my mail firstname.lastname@example.org
What is direct tax & indirect tax
what is Ratio Analysis ?