Accounting Books and Statements
ICSE · Class 9 · Commercial Studies
Quick revision notes for Accounting Books and Statements — ICSE Class 9 Commercial Studies. Key concepts, formulas, and definitions for last-minute revision.
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Key Topics to Revise
5. Ledger Subdivisions and Arrangement
- Ledger may be arranged alphabetically or in the order personal, real, and nominal accounts.
- In large firms, more than one ledger may be used.
- Generally two ledgers are maintained for personal accounts and one ledger each for real and nominal accounts.
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