Ledger is the second step in recording a transaction after journal. Ledger has 2 sides that are debit and credit. Ledger has debit account or credit account it depends on the ending balance.

Subsidiary Ledger

As we all know about the ledger it is an accounting book in the double entry system that is used to record and maintain transactions for a business. There are different types of ledgers one of them is subsidiary ledger that is used to

Purchase Ledger

A purchase ledger can be defined as a sub ledger in business accounting that is used to record all the purchases made by the business in that accounting period. The entire amount that a business is spending and transacting with its supplier is aggregated

Sales Ledger

A sales ledger is an accounting document that displays a complete itemization of all the sales made by the business along with presentation of these sales in the respective date sequence. Sales ledger also addresses credit issues such as product returns by the customers


Ledger: Learning Objectives: Define and explain the term ledger. What are the main advantages of ledger? What is the difference between ledger and journal? Explain the method of posting. What are the different methods of preparing a trial balance? Why a trial balance is

Advantages of Ledger

Advantages of Ledger Learning Objectives: What are the main advantages of ledger? The following are the advantages derived from ledger: It is the ledger through which successful application of double entry system of bookkeeping is ensured. Each and every transaction is divided into two