Let us see various formats of ledger accounts:
Format-1
| In the books of M/s. ABC Company | |||||||
| Ledger account of M/s XYZ LTD. | |||||||
| Dr. | Cr. | ||||||
| Date | Particulars | F | Amount | Date | Particulars | F | Amount |
| xxxx | To Balance b/d | xxx | Xxxx | By Balance b/d | xxx | ||
| xxxx | To Name of the debit account | xxx | Xxxx | By Name of Credit account | xxx | ||
| xxxx | To Balance c/d | xx | xxxx | By Balance c/d | xx | ||
| Total Rs. | xxxx | Total Rs. | xxxx |
Format-2
Nowadays, the handwritten books are being replaced by computerized accounts. The companies majorly use a six-column format to maintain ledger accounts of their customers. It looks as follows:
| In the books of M/s. ABC Bank Ltd. | ||||||
| Ledger account of M/s XYZ Ltd. | ||||||
| Date | Particulars | LF | Amount | Balance | ||
| Debit | Credit | Dr. / Cr. | Amount | |||
Format-1 is used for academic purpose. Hence, this format is useful to learn the basics and principles of accounting.
Format-2 is used by banking and financial organization as well as well as by most of the business organizations.
