CHAPTER 10SELF-BALANCING LEDGERS AND SECTIONAL BALANCING

WHERE numerous Ledgers are utilized by a concern, it will naturally follow that it may be of the utmost difficulty to trace book-keeping errors which disturb the agreement of the Trial Balance and consequently impede the construction of the Final Accounts. To minimize the effort and time required to locate errors, the system of Self-balancing Ledgers, also known as Sectional Balancing, is utilized. The two terms are often employed synonymously, but strictly the former applies to one method only (see footnote p. 1004). The advantages of Sectional Balancing are: Read more; https://monetaglinkxearning.blogspot.com/2024/06/self-balancing-ledgers-and-sectional.html