Wednesday, October 14, 2009

Balancing the Accounts and Necessity of Ledger

Balancing the Accounts and Necessity of Ledger
[Business:Accounting] Balancing the account necessarily validates the mathematical accuracy of the posting of accounts by ensuring that any amount posted on debit side is also reflected by same amount on credit side. The ledger basically keeps the record of these debit and credit entries which are created by equal amount. If each entry is balanced this way any account in ledger will reflect a correct amount as debit or credit

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