Accounting

Table of Contents

Expenditures Ledger Accounts

Expenditures ledger accounts usually represent only “receiving’ (of raw materials or services), as can be seen in the ledger accounts for electricity expenditures and wood purchases.

Electricity Expenditures Ledger Account

ParticularsDebitCreditBalance
Particulars of TransactionsContra Account
Electricity consumption Jan.-Feb./00IEC1,0001,000D
Electricity consumption Mar.-Apr./00IEC1,5002,500D
Electricity consumption May.-jUN./00IEC2,0004,500D

Wood Purchases Ledger Account

ParticularsDebitCreditBalance
Particulars of TransactionsContra Account
Purchase of 50 kg WoodAfrica Wood2,5002,500D
Purchase of 60 kg WoodHaBench3,005,500D
Purchase of 100 kg WoodAfrica Wood5,500

11,000D

A separate ledger account is kept for each type of expenditure.