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The different types of general ledger account Here are some examples of common sub-ledgers: Accounts receivable: money owed to your business\u2014an asset account. Accounts payable: money your business owes\u2014an expense account. Cash: liquid assets your company owns, including owners' equity\u2014an equity account.
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These five categories are assets, liabilities, owner's equity, revenue, and expenses.
There are 3 types of Ledgers \u2013 Sales Ledger. Purchase Ledger. General Ledger.
: a book containing accounts to which debits and credits are posted from books of original entry. Psmith, perched gracefully on a stool, entered figures in a ledger.
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These five categories are assets, liabilities, owner's equity, revenue, and expenses.
A ledger is a book or digital record containing bookkeeping entries. Ledgers may contain detailed transaction information for one account, one type of transaction, or\u2014in the case of a general ledger\u2014summarized information for all of a company's financial transactions over a period.
The three types of ledgers are the general, debtors, and creditors. The general ledger accumulates information from journals.
The three types of ledgers are the general, debtors, and creditors. The general ledger accumulates information from journals.
In simple terms the ledger accounts are where the double entry records of all transactions and events are made. They are the principal books or files for recording and totalling monetary transactions by account. An entity's financial statements are generated from summary totals in the ledgers.

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