XI- Principles of Accounting

Topic – Ledger and its types

By : Ghalib Hussain
 What is a Ledger?
Ledger is a summary of transactions that relate to a certain account. 

Types of a Ledger

1. T-Form

Dr A/c Title Cr
2. Standard Format

Date Particulars PR Amount Date Particulars PR Amount

3. Self Balancing / Running Balance

Date Particulars PR Debit Credit Balance

Dr /Cr
 Dr Cash A/c Cr

Mar 1 : Capital 40,000 Mar 4 : Machinery 4,000

Mar 12 : Sales 700 Mar 15 : A/P-S.Bros 1,380

5,380
Balance c/d 35,320

40,700 40,700
 2. Standard Format

Debit Cash A/c Credit

Date Particulars PR Amount Date Particulars PR Amount
Mar 1 Capital 40,000 Mar 4 Machinery 4,000
Mar 12 Sales 700 Mar 15 A/P – S.Bros. 1,380
Mar 31 Bal c/d 35,320
40,700 40,700
April 1 Bal b/d 35,320
3. Self Balancing Ledger

Date Particulars PR Debit Credit Balance Dr/Cr

Mar 1 Capital 40,000 40,000
Mar 4 Machinery 4,000 36,000
Mar 12 Sales 700 36,700
Mar 15 A/P-S.Bros 1,380 35,320
Mar 31 Bal c/d 35,320
April 1 Bal b/d 35,320