Page 1 - Lesson Note
P. 1

CLASS -XI

                                                      ACCOUNTANCY

                                                  LESSON NOTE -LEDGER

                     Meaning of Ledgers:

                            It is a book in which transactions are classified and posted.

                            it is a book which contains record of all the transactions in a
                              summarized and classified form.

                            It is also known as Principle book.

                            It is recorded on the basis of Journal entries.


                            Features of Ledger:



                             Transactions are recorded from journal
                             It records both debit &credit aspects of the transaction

                             Entry recordedfrom journal to leger is called Posting.



                             Advantages of Ledger:


                            It provides complete information of a particular account.
                            It helps to know about Expenses and Income

                            It is the basis of preparation of trial balance.

                            Helps in preparation of final accounts.





                   4. Format of Ledger:


               Dr.                                                                             Cr.


               Date  Particulars  J.F.  Amount  Date  Particulars  J.F.  Amount
                                                    (rs)                                          (rs)




               Each side of a ledger contains the following columns:
   1   2   3   4   5   6