Accounting

Table of Contents

Sales Ledger Accounts

Sales ledger accounts usually represent only the provision (of products and/or services), as can be seen in the ledger accounts for the sale of tables and chairs.

Table Sales Ledger Account

ParticularsDebitCreditBalance
Particulars of TransactionsContra Account
Sale of 10 tablesCaf’e Lisa2,0002,000
Sale of 20 tablesBill & Sons4,0006,000

Chairs Sales Ledger Account

ParticularsDebitCreditBalance
Particulars of TransactionsContra Account
Sales of 20 chairsCaf’e Lisa5,0005,000
Sales of 20 chairsGeorge3,0008,000
Sales of 20 chairsCaf’e Lisa2,00010,000