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
- 4135 Views
- Broadridge, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
please inform me , how to make employee ladger account of salary...please inform me with entry..e.g if we give 14000 salary, as structure we put it half amount in advance and half is salary so in this case how to make entry in employee ledger account...please inform me...both things..Thank You.
What are the effects of international accounting standards on accounting practices of developing nations?
What are the disadvantages of double entry system?
how to create salary and pf statement in excel sheet?
What is mutual fund what is derivatives what is capital market what is TDS.breifly
How do you prepare a balance sheet from a trial balance?
What is journalizing?
How create the invoices?
What is journalizing? What are the columns of a journal?
What is balance sheet and off balance sheet?
Define overhead in terms of accounting?
What is liabilities and what all does include in current liabilities?
Where the financial accounting fails the cost accounting for is rescue but still there are some limitations deficiencies in the system?
Do you know in accounting, vat abbreviates what?
What is your role in planning?
