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.
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.
