What Does Ledger Balance Mean?

Answer

A ledger balance is the balance that shows the total amount of money deposited into a business or personal account. It is calculated by subtracting the total number of debits from the total number of credits for a given accounting period. Ledger balance is used in the reconciliation of book balances.
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1. Draw a table with four columns. Draw as many rows as necessary to fit all of your account activity. 2. Label the first column "Date" for the date of each item. 3. Label
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