Quick Answer: What Is Another Word For Ledger?

What is a mindless person?

adjective.

If you describe a person or group as mindless, you mean that they are stupid or do not think about what they are doing..

What are the two major types of books of accounts?

Next Lesson: Cash Book There are two main books of accounts, Journal and Ledger. Journal used to record the economic transaction chronologically. Ledger used to classifying economic activities according to nature.

What is Ledger short answer?

What is Ledger? Ans: The book which contains a classified and permanent record of all the transactions of a business is called the Ledger.

What are the two types of ledger?

General Ledger – General Ledger is divided into two types – Nominal Ledger and Private Ledger. Nominal ledger gives information on expenses, income, depreciation, insurance, etc. And Private ledger gives private information like salaries, wages, capitals, etc. Private ledger is not accessible to everyone.

What is the difference between account and ledger?

An account refers to a financial record in the general ledger, where the increase or decrease in the values of the assets, liabilities, stockholder’s equity, revenues or expenditures of the business, pertaining to a particular period are recorded.

What does ledger mean?

A ledger is a book containing accounts in which the classified and summarized information from the journals is posted as debits and credits. … The ledger contains the information that is required to prepare financial statements. It includes accounts for assets, liabilities, owners’ equity, revenues and expenses.

What’s another word for mindless?

In this page you can discover 46 synonyms, antonyms, idiomatic expressions, and related words for mindless, like: vacuous, inattentive, oblivious, neglectful, foolish, senseless, unintelligent, careless, indifferent, rash and stupid.

What is the other name for record?

What is another word for recording?recordtapeLPsoundtrackgramophone recordcompact diskvideo recordingsinglereleasevinyl15 more rows

Is imbecilic a word?

adjective. of, relating to, or characteristic of an imbecile. contemptibly stupid, silly, or inappropriate: an imbecilic suggestion.

What is Ledger and its types?

The three types of ledgers are the general, debtors, and creditors. The general ledger accumulates information from journals. … The purpose of the Debtors Ledger is to provide knowledge about which customers owe money to the business, and how much. The Creditors Ledger accumulates information from the purchases journal.

How does a ledger work?

Each entry has a “debit” side and a “credit” side, recorded in the general ledger. Asset accounts increase when debited and decrease when credited. Conversely, liabilities and equity increase when credited and decrease when debited. … The general ledger, however, has the record for both halves of the entry.

What is Ledger and example?

What is a Ledger? Ledger is a summary of transactions that relate to a certain account. For example, our bank ledger will summaries all the transactions that involved our bank account; our loan ledger will summarise all the transactions that involved our loan account and so on.

What is Ledger and its purpose?

A general ledger represents the record-keeping system for a company’s financial data with debit and credit account records validated by a trial balance. The general ledger provides a record of each financial transaction that takes place during the life of an operating company.

What does monotonous mean?

adjective. lacking in variety; tediously unvarying: the monotonous flat scenery. characterizing a sound continuing on one note. having very little inflection; limited to a narrow pitch range.