General Ledger (T Accounts) | Explained with Examples | Accounting Basics

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This lesson helped me sooo much ❤️ I'm writing an exam tomorrow and i was so worried sincey i was struggling with the general ledger, but this video opened my eyes and now things look a bit simpler ✨ you are truly a blessing 💕!

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[@Counttuts]

Glad they are helpful. Thanks for the support :)

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[@saareggesii538]

Thanks alot. It really helped me on T account. *Now I have a question for you to answer. The question is "How do I record those transactions in the trial balance?"

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[@jankipatel6106]

Thank you very much , it was very helpful. I just want to know that when we are given balances of the previous month to put into the general ledger how do we know which balances go on the debit and which go on the credit side

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Saved my life

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Great explanation! I never understood why the specifics changed in the ledger before watching the video.

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i really liked the video i would want to on to doing the trial balance

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Do we record accounts payable and receivable in the ledger if yes how do we record

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[@collinschituyi6823]

kindly prepare ledger and how to post to trial ballance

[@thatonchakha1218]

For the general ledger, do we balance only the bank account? What about for example the inventories, station etc?

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God bless you ❤

[@azaniamamabolo1661]

Thank u my man

[@LindaTamati-kn2cr]

You said that if the account is bank account we won't put bank in the leger .so If the account in the general Leger was about office furniture and office equipment what will I put in the ledger?

[@Gggggggghggf8588]

Really amazing

[@Speedsounds-e6u]

I used this method in my exam but my professor didn’t agree with it can I get a book as a reference with this same ledger method to show my professor

[@IsakAmunkete]

Example 2: Why are we using the Bank Account. Why not the Cash Account, since the inventory was paid with cash.? I have a similar example, and the exercise has a T account for both Bank and Cash, so now i don't know where to post it.

[@Counttuts]

Bank and cash are in most cases used interchangeably. When we say that you buy something on cash, it doesn't necessarily mean physical cash but means that you paid for it upfront.

[@IsakAmunkete]

@@Counttuts oh. Okay. Thank you.

[@abrahamsaxah2379]

@@Counttuts does that mean i can use either the bank or cash account?

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Thank you so muchhh

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Appreciate this so much