General Ledger Accounts Classification Examples Help

General Ledger Accounts Classification Examples, Concepts, Illustrations, Sample Help Online

 

If you are looking for General Ledger Accounts Classification Examples, Concepts, Illustrations, Sample Help to do your assignments, homework, or project then you are at the correct place.
Meaning of ledger: A ledger is a book which contains all the accounts whether personal, real, or nominal. It contains a classified and permanent record of all the transactions of a business.
 

Explanation

 
i. Each ledger account is divided into two parts. The left side of the ledger is known as the debit side and the right side is known as the credit side. The words‘Dr.’ and ‘Cr.’ are used to denote Debit and Credit.
ii. The name of the account is mentioned in the top (middle) of the account.
iii. The date of the transaction is recorded in the date column.
iv. The word ‘To’ is used before the accounts which appear on the debit side of
an account in the particulars column and ‘By’ is used before the accounts which appear on the credit side of an account.
 

Services We Offer

Features

Features for Accounting Assignment Help Services

Zero Plagiarism
We believe in providing no plagiarism work to the students. All are our works are unique and we provide Free Plagiarism report too on requests.

Best Customer Service
Our customer representatives are working 24X7 to assist you in all your assignment needs. You can drop a mail to assignmentconsultancy.help@gmail.com or chat with our representative using live chat shown in bottom right corner.

Three Stage Quality Check
We are the only service providers boasting of providing original, relevant and accurate solutions. Our three stage quality process help students to get perfect solutions.

100% Confidential
All our works are kept as confidential as we respect the integrity and privacy of our clients.

Our Clients

Most of our clients are from UK, USA, Australia, Canada , UAE, New Zealand, Doha, Qatar, Muscat, Netherlands, France, Italy, Great Britain, Singapore, Malaysia looking for quality and accurate solutions.

Testimonials

Our Testimonials

Yash Batra, Student , UK University

“Great Experts to provide real time Accounts help services. They are just best in their approach”

Reham Fayad, Student MBA, USA

“They have some of the best USA experts to provide Accounts help online and also help me in my online exams.”

Graham Golith, Lancashire University, UK

“Best place to get all help in Accounts Essay and Exams. Will definitely recommend to all”


 

The general ledger accounts are classified into following seven classifications

 
i. Assets
ii. Liabilities
iii. Stockholder’s Equity
iv. Operating revenues
v. Operating expenses
vi. Non-Operating revenues
vii. Non-Operating expenses
 
General Ledger Accounts Classification Explanation
This can be well explained with the help of an example
Example: Mr. Ram started business with cash $400000 on 1st June 2016.
Journal entry for this transaction would be
Cash a/c Dr. $400000
To Ram’s Capital a/c $400000
In ledger Cash account will be debited by Ram’s Capital a/c and Ram’s Capital account will be credited by Cash a/c.
 
If you are looking for similar General Ledger Accounts Classification Examples type assignment help, click here . You can visit us for more examples here.
 

Summary
User Rating
5 based on 1 votes