For example, if you have an account with a local plumber, but current do not owe him for services, that account will carry a zero balance. In contrast, if you have $600 in office supplies, the ...

After each ledger division has been assigned its code family number, you must create sub-account numbers for each account within a division. It is common for sub-account numbers to be assigned in ...

The due to account—also referred to as the accounts payable—is a liability account found in the general ledger that indicates the amount of funds owed to another entity. Businesses use the due ...