Ledger account format

Ledger account

The process of condensing and classifying the articles done in the journal is called ledger account. In this the account of money – book is kept. In Khatavahi, all the transactions are written according to the account, in which there are two columns of debit and credit. Ledger account format Dr. Cr.  Date Particular J.F government office Date … Read more

What is Trial Balance

types of trial balance

Trial balance is the sum or list of credit and debit balances drawn from multiple ledger accounts like bank balance, cash book etc. The basic rule of trial balance is that the trial balance debit and credit account and the balance drawn from the ledger should be the same or equal. This is because each transaction has … Read more

Final account with adjustment notes

Calculation of interest on withdrawal

Final account with adjustment notes:- The accounts which are prepared by the trader at the end of a financial year to ascertain the economic and physical position of the business are called final accounts. Under this, business account, profit-loss account, financial balance etc. are made. Trading Account It is also called as Mal Khata. In this, the … Read more

journal account


What is the meaning and definition of journal. Till now we have written a lot of information related to Accounts which you can read but there is one more thing in the account which we call Journal, it is very important in Accounting, so in this article you will tell what is Journal and its What are … Read more