Self Balancing Ledger Vs Single Entry

In Self balancing a control ledger A/c is created and thus trial balance will always match....

while in single entry no such A/c is created and there are fair chances that the trial balance does not tally

Agreed with karan

can anyone explain me how self balancing ledger system works, in 3-4 lines??

In self balancing ledgers their are mainly 3 accounts Debtors, Creditors & general ledger accounts.

Just pass entries in debtors & creditors ledger simply we used to pass in credit purchase and sale and all transactions related with that........

Only one extra entry of transfer exists here which means mutual adjustment........

Try it....... it make d chapter very easy as I also used to do that..............

Originally posted by : Nishi
	In self balancing ledgers their are mainly 3 accounts Debtors, Creditors & general ledger accounts. Just pass entries in debtors & creditors ledger simply we used to pass in credit purchase and sale and all transactions related with that........ Only one extra entry of transfer exists here which means mutual adjustment........ Try it....... it make d chapter very easy as I also used to do that..............

right explanation Nishi