Difference between revisions of "Ledger account"
(→Related coursework) |
|||
| (One intermediate revision by the same user not shown) | |||
| Line 4: | Line 4: | ||
==Definitions== | ==Definitions== | ||
According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| − | :[[Standard account]]. A | + | :[[Standard account]]. A formal account that includes columns for date, explanation, posting reference, [[debit]], and [[credit]]. |
==Related concepts== | ==Related concepts== | ||
*[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | *[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | ||
| − | ==Related | + | ==Related lectures== |
| − | *[[ | + | *[[Principles of Accounting]]. |
| − | [[Category: | + | [[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.
