General Ledger

Introduction

General Ledger -A book containing the accounts and balances for all of a business’s assets, liabilities, equity, revenue, and expense accounts.

You can think of the General Ledger as a file cabinet that contains a record (folder) for each of your accounts.

Sample of General Ledger Accounts

Blank Account Form

The Account Form contains the following Columns

Account Name
Account Number (Optional)
Date records the date of the posting
Description is used to optionally provide additional information about the amounts posted
Posting Reference (Post Ref.) to identify what Special Journal the amount was posted from
Debit Amount
Credit Amount
Account Balance is the current Balance of the account after updating the debit and credit amounts posted to the account.

The source of amounts posted to the General Ledger Accounts are the Special Journals.

Account Name:				Account Number:
Date	Description	Post Ref.	Debit	Credit	Balance

Cash Account

Account Name: Cash				Account Number: 100
Date	Description	Post Ref.	Debit	Credit	Balance

Accounts Receivable Control Account

Account Name: Accounts Receivable-Control Account				Account Number: 150
Date	Description	Post Ref.	Debit	Credit	Balance

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