General (Main/Nominal) Ledger: Difference between revisions
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* [[Expense|Expenses]] | * [[Expense|Expenses]] | ||
* [[Income]] | * [[Income]] | ||
== The Usual Accounts In The General Ledger == | |||
* [[Sales Account]] | * [[Sales Account]] | ||
* [[Sales Returns Account]] | * [[Sales Returns Account]] | ||
Latest revision as of 03:47, 1 September 2025
The General Ledger (otherwise known as main or nominal ledger) contains a collection of accounts which are not otherwise recorded in receivables or payables ledger.
This could include:
- Assets - premises, cars and computers etc.
- Liabilities - overdrafts and bank loans etc.
- Equity (the owner's capital)
- Expenses
- Income