Accounting tutorial, general ledger accounting, what is a general ledger
General ledger definition What is a general ledger A general ledger is an abstract of each accounting head. In other words every head of account of the General ledger will have a separate folio comprising of all the debit and credit transactions of that particular head of account.
What are the basics of payment and receipt vouchers
The next important thing in accounting is the preparation of vouchers. Vouchers have to be prepared for both payments as well as receipts. When a voucher is prepared