Difference between revisions of "Ledger account"
m (Gary moved page Standard account to Ledger account) |
(→Related coursework) |
||
| (2 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
[[Ledger account]] (alternatively known as [[standard ledger account]] or, to distinguish it from [[T-account]]s, [[standard account]]; hereinafter, the ''Account'') is any [[financial account]] that includes columns for date, explanation, posting reference, debit, and credit, as long as it is included in a [[ledger]]. | [[Ledger account]] (alternatively known as [[standard ledger account]] or, to distinguish it from [[T-account]]s, [[standard account]]; hereinafter, the ''Account'') is any [[financial account]] that includes columns for date, explanation, posting reference, debit, and credit, as long as it is included in a [[ledger]]. | ||
| + | |||
| + | |||
| + | ==Definitions== | ||
| + | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| + | :[[Standard account]]. A formal account that includes columns for date, explanation, posting reference, [[debit]], and [[credit]]. | ||
| + | |||
| + | ==Related concepts== | ||
| + | *[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | ||
| + | |||
| + | ==Related lectures== | ||
| + | *[[Principles of Accounting]]. | ||
| + | |||
| + | [[Category: International Accounting]][[Category: Articles]] | ||
Latest revision as of 22:43, 4 January 2019
Ledger account (alternatively known as standard ledger account or, to distinguish it from T-accounts, standard account; hereinafter, the Account) is any financial account that includes columns for date, explanation, posting reference, debit, and credit, as long as it is included in a ledger.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Standard account. A formal account that includes columns for date, explanation, posting reference, debit, and credit.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
