Ledger Account: Difference between revisions
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The ledger accounts are the main accounting records of the business, they are usually setup as a [[Double-Entry Bookkeeping System|double-entry bookkeeping system]]. | The ledger accounts are the main accounting records of the business and can be recorded manually or digitally using accounting software, they are usually setup as a [[Double-Entry Bookkeeping System|double-entry bookkeeping system]]. | ||
There are [[three]] main ledgers as follows: | |||
# [[Receivables (Sales) Ledger|Receivables (Sales) ledger]] | |||
# [[Payables (Purchases) Ledger|Payables (Purchases) ledger]] | |||
# [[General (Main/Nominal) Ledger|General ledger]] (this is sometimes known as the main or nominal ledger) | |||
Latest revision as of 09:01, 31 July 2025
The ledger accounts are the main accounting records of the business and can be recorded manually or digitally using accounting software, they are usually setup as a double-entry bookkeeping system.
There are three main ledgers as follows:
- Receivables (Sales) ledger
- Payables (Purchases) ledger
- General ledger (this is sometimes known as the main or nominal ledger)