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What are the five general ledger divisions for a chart of accounts in accounting?
Wiki User
∙ 13y ago
Five general ledger divisions would be assets, liabilities, equity, revenues, and expenses.
Wiki User
∙ 13y ago
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What could one do with general ledger accounting software?
General ledger accounting software was made to make the job of a general ledger accountant easier. The software allows the user to keep track of the accounts. It also automates the accounts.
An accounting record of the balances of all assets and liabilities and equity accounts is called a.compound entry. b. general journal. c. general ledger. d. chart of accounts?
c. General Ledger
Where does accounts payable fall in accounting balance sheet general ledger chart of accounts?
Accounts payable is liability and fall under liability side of balance sheet.
What are the two general ledger accounts that may act as control accounts for a subsidiary ledger?
accounts receivable and accounts payable
What is a ledger in regards to accounting?
It is a complete set of accounts for a business entity
What could one do with general ledger accounting software?
General ledger accounting software was made to make the job of a general ledger accountant easier. The software allows the user to keep track of the accounts. It also automates the accounts.
Which ledger contain control accounts?
A general ledger contains control accounts. This type of accounting system allows for more detailed accounting details to be entered into a separate ledger altogether.
An accounting record of the balances of all assets and liabilities and equity accounts is called a.compound entry. b. general journal. c. general ledger. d. chart of accounts?
c. General Ledger
What is the trail balance?
If you are referring to a Trial Balance in Accounting, the Trial Balance is a list of nominal ledger (general ledger) accounts contained in the Ledger of a Business.
Where does accounts payable fall in accounting balance sheet general ledger chart of accounts?
Accounts payable is liability and fall under liability side of balance sheet.
When The AP ledger requires a subsidiary ledger?
A control account is an account found in the general ledger such as accounts receivable,Accounts Payable,inventory etc. The accounts are a summation of entries made in the subsidiary ledgers and are.When using a General Ledger, accounts such as Accounts Payable or Accounts Receivable are much easier to work with in the General Ledger if they have a "single" sum of all accounts, in other words.
What are the two general ledger accounts that may act as control accounts for a subsidiary ledger?
accounts receivable and accounts payable
What are the packaged software?
Accounting software packages are a suite of different types of accounting programs designed for specific tasks. They include: payroll accounting, financial statements, accounts receivable, Accounts Payable, general ledger, journal voucher among others.
When does the AP requires a subsidiary ledger?
A control account is an account found in the general ledger such as accounts receivable,Accounts Payable,inventory etc. The accounts are a summation of entries made in the subsidiary ledgers and are.When using a General Ledger, accounts such as Accounts Payable or Accounts Receivable are much easier to work with in the General Ledger if they have a "single" sum of all accounts, in other words.
The general ledger is a book of?
accounts
The principal ledger that contains all the balance sheet and income statement accounts is the general ledger?
general ledger
What is a ledger in regards to accounting?
It is a complete set of accounts for a business entity
