Ledger accounts can broadly be classified into:
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Ledger Account is a journal in which a company maintains the data of all the transactions and financial statement. Company’s general ledger account is organized under the general ledger with the balance sheet classified in multiple accounts like assets, Accounts receivable, account payable, stockholders, liabilities, equities, revenues, taxes, expenses, profit, loss, funds, loans, bonds, stocks, salaries, wages, etc. In this article, we will learn more about Ledger Account format and examples, types of the ledger, ledger posting, and we will also provide ledger account template in excel, google spreadsheet, and PDF format.
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