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Ledgers:
Ledgers record all the entries into the Cash Books. They use the concept of 'double entry' bookkeeping where every ledger entry must be accompanied by another ledger entry that is exactly the opposite.
Typical Ledger pages may look as follows:
Bank Ledger Office Ledger
Date
Particulars
Folio
DR
CR
15/7/05
Prof Fees - Nicholls to Walsh
CR1
4000
17/7/05
Prof Fees paid to J&J Real Estate
CP1
where you deposit 1000dollars at the end of each year for 4 years, what will be the amount of deposits at the end of each year if it is compounded at 12% semi-annually?
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