• LEDGER

• Refers to the accounting book in which the accounts and their related amounts as
recorded in the journal are posted periodically.
• Known as the “Book of the final Entry”
• Sometimes called as “modified T – account”
KINDS OF LEDGER
• General Ledger – is a grouping of all accounts used in preparing the financial
statements.
• Generally called a controlling account because it reports, in summarized form, the
activities that have taken place as recorded in its subsidiary ledger.
• Subsidiary Ledger – is a group of like accounts that contains the independent
data of a specific general ledger. This is used when there is an individualized
data for a specific general ledger account.
 FORMS OF A LEDGER
• Two-money column ledger
• Three-money column ledger ( a balance column ledger)
• Four-money column ledger ( a balance column ledger)