How to make a ledger account? The ledger is the official record of a company’s accounts, and sometimes we refer to the general ledger, purchase ledger, sales ledger, and cashbook. A catalog provides all accounting transaction entries and the balance for a specified period. At the end of the period, registers […]
Control accounts in Bookkeeping A control account is used to check the postings’ accuracy to a particular ledger account. Self-balancing includes a control account generally kept at the front or back of the ledger and used by the accounting staff on the total balances extracted from that ledger. In addition to […]