Factory Ledger
Entries relating with general ledger and factory ledger are first recorded in the general ledger and factory journal. The control accounts factory ledger and general ledger are reciprocal in nature i.e., a debit to one is an automatic credit to the other and vice versa; so they permit each ledger to be self-balancing. It is often practical for a manufacturing concern to include a factory ledger in its accounting system. Generally, this procedure is followed when manufacturing operations are far-flung from the main office, or when the nature of such operations requires a large number of accounts.
Regards: Emily Camara
Specialist: Muslim vashikaran totke in hindi
