Question

20 journal entries with ledger and balancing of ledger, trial balance and trading and profit and loss account and balance sheet plzzzz fast

Answer 1

In bookkeeping and accounting, a ledgeris a book (or record) for collecting chronological transaction data from a journal, and organizing entries by account.

The ledger provides the transaction history and current balance in each accounting system account, throughout the accounting period. At the end of the period, ledgers therefore serve as the authoritative source of data for building a firm's financial accounting reports.

The Income statement is largely a summary of account activity for the period in the firm's Revenue and Expense Accounts.The Balance sheet is largely a summary of the current balances in the firm's Assets, Liabilities, and Equities accounts, as they stand at period end.

Sections below further define, explain, and illustrate ledger. Note especially that the term appears in context with related terms and concepts, including the following:

General Ledger

Nominal Ledger

Journal

Daybook

Posting

T-account

Controlling Account

Accounting Cycle

Account

Chart of Accounts

Debit

Credit

Continuous Accounting

Sub Ledger

Master Account

Answer 2

U can do it on ur own. It's very lengthy to answer here dear.!!