what is sectional balancing how does it differ from self balancing
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(i) Control accounts are prepared in general ledger only. The names of these control accounts are total debtors accounts and total creditors account. Personal ledgers namely debtors ledger and creditors ledger have no control account.
(ii) A trial balance can be prepared only from the general ledger.
(iii) Double entry system is completed in the general ledger only. Debtor’s ledger and creditor’s ledger serve only as memorandum books of account.
(ii) A trial balance can be prepared only from the general ledger.
(iii) Double entry system is completed in the general ledger only. Debtor’s ledger and creditor’s ledger serve only as memorandum books of account.
singhtanyarajput4:
Thank you so much
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