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Self Balancing Ledger Part 1

Ca Raja Natarajan, Chartered Accountant

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4 Videos (1h 20m)
    • Introduction to Self Balancing Ledger System

    • Self Balancing Ledger Problem 1

    • Self Balancing Ledger Problem 2

    • Self Balancing Ledger Problem 3


About This Class

Like journal is subdivided into subsidiary books, the larger enterprises divide their ledger into  several ledgers to accommodate large number of accounts. A small business can do with only one ledger. However, in case of big business, the number of personal accounts may be quite large and therefore, it may not be convenient to keep all the accounts in one ledger. Moreover, in case of non-agreement of trial balance, it is a time consuming and laborious task to locate the difference in accounts if transactions are recorded in one ledger. in order to reduce the trouble to a minimum and time involved in locating the errors, the system of self balancing has been evolved.

Under the self balancing system, posting of transactions is not done in one ledger but the accounts are opened in more than one ledger. Under this system, the ledger is subdivided into the following three ledgers:

  1. Debtors or Sales Ledger
  2. Creditors or Purchase Ledger and
  3. General or Impersonal or Nominal Ledger.

In this course , you will learn more about self balancing ledger.






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Ca Raja Natarajan

Chartered Accountant

I am a Chartered Accountant with tonnes of passion for teaching.

I teach Financial Management for Chartered Accountancy and Cost and Management Accountancy students in Ernakulam,India. and I teach 100+ Finance, Accounts, Costing, Banking, Credit Analysis, Statistics, etc. in Skillshare.

I also hold

Post Graduate Diploma in Business Administration in Finance from Symbiosis, Pune Bachelors in Commerce, from Loyola College, Chennai.

I worked in State Bank of India as Assis...

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