Accounts Manager Question: Download Accounts Manager PDF
Described control ledgers?
Answer:
In a business, sometimes it is not feasible to carry accounts of all the suppliers and customers in the main ledger. In such cases apart from General or main ledger, the control ledgers are maintained. Control ledgers records the individual accounts. In the end of the period, balance shown in the main ledger has to tally with the balance in the individual ledger accounts maintained in the control ledger.
| Previous Question | Next Question |
| List the reasons which cause pass book of the bank and your bank book not tally? | What does an accurate Trial Balance suggest? |