Closing Asset Ledger Account
This is how an asset ledger looks like before closure: Cash Account (Asset) …
Financial
Closing Liability Ledger Account
This is how an liability ledger looks like before closure: Bank Loan Account …
Closing Income Ledger Account
This is how an income ledger looks like before closure: Sales Revenue Account …
Closing Expense Ledger Account
This is how an expense ledger looks like before closure: Salaries Expense Account …
How to prepare a Trial Balance
Following Steps are involved in the preparation of a Trial Balance: All …
What is a Trial Balance?
Trial Balance is a list of closing balances of ledger accounts on …
Errors in Cash Book
Errors or omissions in the cash book can lead to a difference …
Standing Order
Standing Order is an instruction to the bank to transfer funds of …
Direct Debits
Direct Debit is an instruction to the bank to transfer funds to …
Bank Charges
Bank charges are the various fees accountholders are charged in respect of …