Examples of Ledger Account. Using a Sales Ledger. Often the ledger will contain detailed information about the sale itself, including the itemized invoice, amount of tax, and credit notes applied. Example: We can prepare ledger accounts using journal entries of Moon Service Inc. prepared on the journal entries page. A sales ledger is also sometimes called a sales log and is typically considered a subsidiary ledger that is created from daily or weekly sales journals or the like.

The following Ledger accounts example provides an outline of the most common Ledgers. In a manual accounting system, the journal entries are prepared first and then transferred to general ledger at some later period. Sales Ledger (or Accounts Receivable) The Sales Ledger is frequently in software known as "Accounts Receivable" or "Customer Accounts". The sales ledger in the above example shows the actual sale amount which is $20445. A useful accounting tool, sales ledgers also allow for the structuring of sales data so it can be closely tracked by company management. General ledger and the use of computer software. It also shows the amount that was paid by the customers for the products that were sold i.e. Sales ledger control account is a part of a balance sheet and a short-term asset. The account in which the corresponding entry is made is always shown next to the amount, which in this case is the Sales ledger. A sales ledger is a detailed itemization of sales made, presented in date sequence.

Receivables account is debited because it has the effect of increasing the receivable asset. Example Let’s assume that on December 31, 2013, the total debtors in the general ledger are valued at 1,00,000. These are credit sales made during the period. The Sales Ledger is your record of sales, and whether or not you have received the money, and how much you are still owed. The remaining amount of $4,230 is still pending to be paid by the customer. The corresponding credit entry is made to the Sales ledger account. A sales ledger is a detailed and itemized breakdown of all sales that have taken place and whether or not they have been paid. $16,215.

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