A general ledger should be divided into different categories referred to as ‘accounts.’ This ensures that you have independent control over the accuracy of the ledger. … See more

A general journal is a document that holds the initial transaction records of a business. The general journal is, therefore, the original book of entry. First, the records are posted in r… See more

When drafting a general ledger, you should ensure an account name and account number at the top of the ledger table. The account name and number enable you to track specif… See more

There is a particular manner in which the user of this template must go about the process of using it in order to attain proper results. To use the ledger template, you must under… See more