transferred balances to the ledger

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Bookkeeping — is the recording of financial transactions. Transactions include sales, purchases, income, receipts and payments by an individual or organization. Bookkeeping is usually performed by a bookkeeper. Bookkeeping should not be confused with… … Wikipedia
account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you … Financial and business terms
Database — A database is an organized collection of data for one or more purposes, usually in digital form. The data are typically organized to model relevant aspects of reality (for example, the availability of rooms in hotels), in a way that supports… … Wikipedia
Profit and loss accounts — Profit and loss accounts are the ledger accounts to which the balances of the revenue, income, expense and loss accounts at the end of an accounting period are transferred, to show the net difference as the net income or net loss for the period … International financial encyclopaedia
Cheque — A Canadian cheque … Wikipedia

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