Difference between revisions of "Ledger account"
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[[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]]. | ||
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| + | ==Definitions== | ||
| + | According to [[College Accounting: A Practical Approach by Slater (13th edition)]], | ||
| + | :[[Standard account]]. A skeleton version of a [[ledger account|standard account]] used for demonstration purposes. | ||
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| + | ==Related concepts== | ||
| + | *[[Bookkeeping]]. Recording, filing, and retrieving of [[financial data]], as well as producing those [[financial report]]s that are required by laws. | ||
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| + | ==Related coursework== | ||
| + | *[[Bookkeeping Quarter]]. | ||
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| + | [[Category: Septem Artes Administrativi]][[Category: Articles]] | ||
Revision as of 10:19, 18 December 2018
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 skeleton version of a standard account used for demonstration purposes.
Related concepts
- Bookkeeping. Recording, filing, and retrieving of financial data, as well as producing those financial reports that are required by laws.
