Accounting

Also referred to as debtor's ledger or trade receivables ledger.

• Purchase Ledger (PL)

• Sales Ledger (SL)

• Nominal Ledger

• Cash Book

This is also referred to as the creditors ledger or trade payables ledger

• Purchases ledger (PL)

• Sales Ledger (SL)

• Nominal Ledger

• Cash book

Also referred to as General Ledger. Apart from cash, bank account and the accounts of credit customers and credit suppliers, all the remaining accounts are maintained.

• Purchase ledger

• Sales ledger

• Nominal ledger

• Cash book

One which appears in both sides of cash book.

• Contra Entry

• Bank overdraft

• Dishonored cheque

This transaction involves instructing their bank to transfer an amount to the bank of the other person.

• Credit transfer

• Direct debit

• Standing order

When a person instruct the bank to pay a fixed sum at fixed intervals to another person.

• Standing order

• Direct debit

• Credit transfer

Money comes directly from his/her bank account

• use of debit card

• use of credit card

• direct debit

the card company pays the person to whom money is owed and the cardholder pays some or all the money back to the card company (usually at monthly intervals).

• Use of debit card

• Use of credit card

This occurs when more has been paid out of the bank than was put into the bank account

• Bank overdraft

• Dishonored cheque

• cash discount

• Contra entry account

is a cheque received which the debtor's bank refuses to pay. This may occur because the debtor does not have enough money in his/her bank account or there may be error in cheque

• Dishonored cheque

• Blank cheque

• Cash discount

• Bank transfer