Bookkeeping for Beginners e-bog

Whilst the greatest effort has been made to ensure the quality of this text, due to the historical nature of this content, in some rare cases there may be minor issues with legibility. If it were not too cumbersome, a complete double-entry system could be carried out by the use of the Ledger, without the aid of subsidiary books. To obviate the difficulty of making original entries in the Ledger, the Journal is called into use, and a correct system of accounts can be kept by the use of these two books. The Journal is the means of gathering together facts in a convenient form, ready for transference (or posting into the Ledger. The ledger. There are two rules which must be adhered to (1) Debit the Receiver and Credit the Giver.