Each ledger account is formatted like the Cash account, divided into two sides a debit side

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Each ledger account is formatted like the Cash account, divided into two sides – a debit side and a credit side. However, whereas each side of the Cash account has five columns, each side of a ledger account has only four. Identify the column not drawn into the ledger account and explain why that column is not required.

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Related Book For  book-img-for-question

Financial Accounting An Introduction

ISBN: 9780273737650

2nd Edition

Authors: Mr Barry Elliott, Mr Augustine Benedict

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