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Few small Ledger Questions!

  • 01-06-2008 9:38pm
    #1
    **Timbuk2**
    Moderators, Education Moderators, Motoring & Transport Moderators Posts: 7,396 Mod ✭✭✭✭


    Hi everyone. Posting on behalf of a nephew here. A few quick ledger questions

    1) Does it matter if dates are not in chronological order? (e.g 13/5 before 2/5)
    2) For each part, A B and C, do you have to show every entry separately. For example, if you have to enter something from the General Journal to the Cash Book, do I make a separate Cash Book or do I throw it in with the rest of the Analysed Cash Book?

    Thanks in advance!


Comments

  • #2
    highlydebased
    Registered Users, Registered Users 2 Posts: 7,472 ✭✭✭highlydebased


    No they do not have to be in chrono. order...once they are there the numbers will still add up :)

    Yes , in a way. But use the same ruled out ledger, but at the bottom with accurate numbering etc


    A general tip I would give is that alot of the stuff thought by some teachers is totally unessecary for accounting in JC Business- Once the figures are there and the methods are right the marks are going.


  • #3
    ircoha
    Closed Accounts Posts: 2,290 ✭✭✭ircoha


    **Timbuk2** wrote: »
    Hi everyone. Posting on behalf of a nephew here. A few quick ledger questions

    1) Does it matter if dates are not in chronological order? (e.g 13/5 before 2/5)
    2) For each part, A B and C, do you have to show every entry separately. For example, if you have to enter something from the General Journal to the Cash Book, do I make a separate Cash Book or do I throw it in with the rest of the Analysed Cash Book?

    Thanks in advance!

    Re 1 , yes the order is important as it makes it easier to x ref the corresponding entries.
    It is not just about the numbers adding up


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