What is a Ledger in Accounting? Is There a Difference with a Journal and a Ledger?
Another important fact to note stems from the fact that total assets are equal to total liabilities and capital at any given time. For example, the amount of capital that Mr. John has on the first day of the accounting period (see the previous example) will be shown on the credit side of Mr. John’s …
What is a Ledger in Accounting? Is There a Difference with a Journal and a Ledger? Read More »