Overview
Define a ledger Identify the items on the ledger Record cash receipt Record payments Record discounts received and allowed Make contra entries in the ledger
What you'll learn
- Meaning of Ledger Items on the ledger:
- - Date
- - Particular folio
- - Discounts
- - Amount
- How to record cash received/payment:
- - Discount received
- - Discount allowed
- - Contra entries