What Is A Self Balancing Ledger?


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A Self Balanced Ledger is a kind of automatic controllable accounts. Each ledger will balance on its own. A control account in a subsidiary ledger will be mirrored with a control account in the General ledger.
The Uses of This also appends with the Following
(I) errors are deducted debtors/ creditors A/c
(ii) localised Errors
(iii) preparation of interim accounts without personal ledgers having to be balanced.
(iv) Readymade debtors or creditors is available.

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