General Ledger (Grade 10 NSC Matric Accounting): Flashcards

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General Ledger
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DAX acronym meaning

Drawings, Assets, Expenses

CIL acronym meaning

Capital, Income, Liabilities

DAX accounts natural balance

Debit balance

CIL accounts natural balance

Credit balance

Contra account definition

Other account affected by the transaction

Folio reference purpose

Shows which journal the transaction came from

Balance sheet accounts duration

Permanent (ongoing balances)

Nominal accounts duration

Temporary (reset each period)

When DAX accounts increase

They are debited

When CIL accounts increase

They are credited

Explore Grade 10 NSC Matric Accounting Revision Notes by Topics

GAAP Principles

Bookkeeping of a Sole Trader: Key Concepts

Bookkeeping of a Sole Trader: Journals

Bookkeeping of a Sole Trader: Ledgers

The Accounting Equation

Value-Added Tax

Salaries and Wages

Final Accounts and Adjustments

Financial Statements of a Sole Trader

Analysis of Financial Statements

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Financial Statements of a Sole Trader

Analysis of Financial Statements

Explore Grade 10 NSC Matric Accounting Model Answers by Topics

GAAP Principles

Bookkeeping of a Sole Trader: Key Concepts

Bookkeeping of a Sole Trader: Journals

Bookkeeping of a Sole Trader: Ledgers

The Accounting Equation

Value-Added Tax

Salaries and Wages

Final Accounts and Adjustments

Financial Statements of a Sole Trader

Analysis of Financial Statements

Show more

Financial Statements of a Sole Trader

Analysis of Financial Statements

Explore Grade 10 NSC Matric Accounting Quizzes by Topics

GAAP Principles

Bookkeeping of a Sole Trader: Key Concepts

Bookkeeping of a Sole Trader: Journals

Bookkeeping of a Sole Trader: Ledgers

The Accounting Equation

Value-Added Tax

Salaries and Wages

Final Accounts and Adjustments

Financial Statements of a Sole Trader

Analysis of Financial Statements

Show more

Financial Statements of a Sole Trader

Analysis of Financial Statements

Explore Grade 10 NSC Matric Accounting Exam Questions by Topics

GAAP Principles

Bookkeeping of a Sole Trader: Key Concepts

Bookkeeping of a Sole Trader: Journals

Bookkeeping of a Sole Trader: Ledgers

The Accounting Equation

Value-Added Tax

Salaries and Wages

Final Accounts and Adjustments

Financial Statements of a Sole Trader

Analysis of Financial Statements

Show more

Financial Statements of a Sole Trader

Analysis of Financial Statements

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