Chapter 4 - The Nominal Ledger (aka Company) - Posting an accrual
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Nominal Ledger and Basic T Account understanding
The nominal ledger is an accounting record which summarizes the financial affairs of the business. It is also called general ledger.It includes details of assets, liabilities, capital, income and expenditure, and so profit and loss. It consists of a large number of different accounts, each account having its own purpose or name and identifies or code.
for details visit :tutoraccounts.blogspot.com
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