Livestock Economics, Marketing and Business Management

CLASSIFICATION OF LEDGER

Personal Ledger

•  Contains all other accounts of all persons with whom trade transactions have been effected, i.e. with whom purchase/sales have been made.

Impersonal Ledger

•  Contains all other accounts and it is subdivided into

Nominal Ledger

•  All the fictitious and nominal accounts are maintained.

General ledger

•  All the other accounts like property or Real accounts are maintained.