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
Financial Accounting An Introduction
ISBN: 9780273737650
2nd Edition
Authors: Mr Barry Elliott, Mr Augustine Benedict
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