U NDERSTANDING G ENERAL L EDGER Course 2011011. Trading Statement Profit and Loss Statement Reset - Sections Appropriations Appropriation Assets Liabilities.

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Presentation transcript:

U NDERSTANDING G ENERAL L EDGER Course

Trading Statement Profit and Loss Statement Reset - Sections Appropriations Appropriation Assets Liabilities Equity Retained - Balance Sheet General Ledger Structure

Income Less Cost of Goods Trading Statement All Income Less Expenses Profit and Loss Statement Net Profit

Current Fixed Assets Current Long Term Liabilities Investments

U NDERSTANDING G ENERAL L EDGER S ETS

These are used to get information from your sub ledgers to your General Ledger Debtors Fixed Assets Creditors Stock Purchasing Cash Register General Ledger Bank Reconciliation

How does the system know what codes to use?

Main Accounts

Fixed Assets