The general ledger is the heart of a business's accounting ... in the far left column. This is followed by a column for the description of the transaction. Next, there are two columns for ...

The post reference, or PR, column is one of the chief ways to ensure that your books ... ledger. Returning to our $500 rent payment example, that $500 payment would have to be written down in two ...

A general ledger ... are posted in two columns, with debit entries on the left and credit entries on the right, and the total of all debit and credit entries must balance. The accounting equation ...

To understand how this system of accounting recording works, it's important to understand the different functions associated with these two key ... A general ledger is a book or file that ...