1
Q
Explain how a typical ledger account would be constructed?
A
It has a debit (left)and credit side (right) and has columns of date, detail, ref and amount.
2
Q
What are the left and right-hand sides known as?
A
DEBIT & CREDIT SIDES
3
Q
What are the 3 groups of Ledger accounts?
A
Sales ledger, Purchase ledger and General ledger
4
Q
Office Equipment Depreciation?
A
Credit
