my honourable persons could you please tell me what is mean by TO and BY in Leger accounts
to balance c/d or by balance b/d..
To is credit
By is debit
I think this ledger account is nature of real account debit what comes in
Credit what goes out
IAM I correct
It depends upon the ledger name eg.
expenses ledger- nominal
Capital- personal
Assets- real
liabilities- real
CAclubindia
