things like the Sales Ledger and Purchase Ledger are subsidiary ledgers to the General Ledger. Think of the general ledger as the totals from the subsidiary ledgers.
In real terms they are just Ledgers that divide the information down into more managable chunks although to be honest this all harks back to the days of manual ledgers. Modern computerised systems keep the same terminology but are now more akin to a single database than full sets of ledgers.
I think that Peasie's about to become our resident expert on full sets of old manual accounts as reading his post he's converting them from pounds, shillings and Pence to Decimal... Now there's a thankless task if ever I heard of one!
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Shaun
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I think that Peasie's about to become our resident expert on full sets of old manual accounts as reading his post he's converting them from pounds, shillings and Pence to Decimal... Now there's a thankless task if ever I heard of one!
I think I'll scrap that idea for the time being. The business became a Limited Company in 1975 - it might be easier to start fom that date and that will save me from having to convert.
This mad idea of mine has thrown up a few questions though so it might be such a pointless task.
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Never buy black socks from a normal shop. They shaft you every time.
