Lesson Progress
0% Complete

Topic Content:

  • Format of a Ledger
  • Common Bookkeeping Abbreviations

The ledger account is divided into equal parts, the left hand is called Debit (DR) receiving, while the Right hand is called Credit (CR) giving.

If you receive something, debit the account. If you give something, credit the account.

It has the following columns:

 

You are viewing an excerpt of this topic. Subscribe now to get full access!

Click on the button "Subscribe Now" below for Full Access

Subscribe Now

Subscribe
Notify of
guest
0 Comments
Oldest
Newest
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x