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The General ledger and Cash book
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| Submitted: Sun Dec 15 2002
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The General ledger. The General ledger contains all the other accounts of the business which are not connected with customer sales, purchases from clients or cash and bank accounts. The sort of accounts that would be held in the general ledger would be things such as: Owners capital Asset Accounts (i.e. fixtures and fittings, equipment / machinery, furniture etc.) Drawings accounts - Money taken out of the business by the owner(s) Expense accounts Equipment / Machinery Account DR CR Debit Side Credit Side Date Details Folio Amount Date Details Folio Amount May 01 Balance b/d 19,015.00 May 09 Credit purchase of oven liner (Ovens 'R' Us) C950 160.00 May 15 Sale of hot-plates C963 75.00 May 31 Balance c/d 19,100.00 £19,175.00 £19,175.00 June 01 Balance b/d £19,100.00 What this shows was that on May 01 Pepe's Pizza Parlour owned equipment to the value of £19,015.00. On May 09 Pepe purchased...
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