The Ledger and the Trial Balance notes

The Ledger and the Trial Balance

  • Definition of a Ledger and an Account
  • Importance of a Ledger
  • Relationship between a ledger and an account
  • Classifications of ledgers
  • Nature of double-entry system
  • Definition of a Trial Balance
  • Balancing off of accounts
  • Extracting of a trial balance
  • Importance of a trial balance



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