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There are 3 different types of ledgers; Sales, Purchase and General ledger. A ledger is also known as the principal book of accounts and it forms a permanent record of all business transactions. 1. Sales Ledger The Sales Ledger is a tool for understanding and tracking sales data. It is used as an essential part of your sales cycle to track the number of calls, calls lost, calls answered and more. 2. Purchase Ledger A purchase ledger is a method of recording purchases and sales. This article will present the theory behind the purchase ledger and some examples of its use. 3. General Ledger The general ledger is a key component of accounting. Due to the complexities of the system, various software are available to help maintain this ledger. While these systems work well for simple records, they are often used for complex ones as well.

Working capital can be thought of as the capital that a business has in its bank account. When a business invests working capital it is doing so to generate profits and therefore it makes sense to display working capital when we are planning to invest in something. It would also make sense for the figures in the working capital statement to represent actual amount of money that we have in our bank account. Working Capital = Current Assets – Current Liabilities. Working capital is simply a difference between your current assets and current liabilities.

In most cases, a capital account is a separate account from the general ledger accounts. The main purpose of a capital account is to record the capital, which is held by owners of a company. In accounting, a general ledger account is mainly used to record the owner's contributed capital and revenue or income, and also to monitor expenses incurred specifically for this purpose. In some circumstances as well as in most circumstances it can be related to assets that are either bought or sold at market prices. In other cases it can refer to any other asset that has been purchased or sold by the company during its existence. In accounting, an equity account is an entity’s balance sheet balance which shows its own assets and liabilities including interest securities obtained from banks and others, as well as any receivables including loans.

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