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unit-14-self-balancing-system

Unit-14 Self-Balancing System

In this unit you will learn about both the self-balancing and the sectional balancing systems.

Name the two control accounts opened under Sectional Balancing System.




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Learning Pundits Content Team

Written on Apr 24, 2019 1:34:13 PM

Under this system only two Adjustment Accounts viz., Debtors Ledger Adjustment Account and Creditors Ledger Adjustment Account are prepared. They are termed as Total Debtors Account and Total Creditors Account respectively. They are also known as control accounts.