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JC Business Studies - question on balancing ledger a/cs

Jane98 · 2013-04-14 19:30:31

Business studies - balancing ledger accounts If a ledger account has only one item (either Dr or Cr) is it ok to just draw a double line under it or do I need to do the full balance c/d and balance b/d thing. Similarly, if there are a number of items on one side only, is it ok to just total that side and leave it at that…

14-04-2013 7:30pm

#1

Jane98

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Business studies - balancing ledger accounts
If a ledger account has only one item (either Dr or Cr) is it ok to just draw a double line under it or do I need to do the full balance c/d and balance b/d thing.

Similarly, if there are a number of items on one side only, is it ok to just total that side and leave it at that because the total will be the balance or do I need to do the full balance c/d and balance b/d.

Also, with the Purchases, Purchases Returns, Sales, Sales Rtn., and Vat ledger accounts do I just post the balances from the Day Books and ACB and not individual items?

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