Answer to Question #95033 in Accounting for zoepa Rinchen

Question

Give an example of a transaction in the general journal that causes an entry to be posted twice (i.e.
to two accounts), one in the general ledger, the other in the subsidiary ledger. Does this affect the
debit/credit equality of the general ledger?

Answer 1

Transaction: received money for product A from customer C.

In the subsidiary ledger information is detailed for each customer. At the same time, the general ledger displays generalized information on the receipt of money from all customers for a certain period.

Although the entry is published twice (that is, for two accounts), one in the general ledger and the other in the subsidiary ledger, this does not affect the debit / credit equality of the general ledger.