First, lets start off with the fact my handwriting sucks and I know it. In the link below I have some two column ledger paper and the very beginning of a sample problem. Am I filling it out correctly? For example, I'm trying to have July 18 set as Cash debit $1,500.00. Do I have the 1,5 and two zero's in the correct place? Should the spot right after the final zero be used for cents? Or whatever decimal unit the currency one is dealing in is?
You might consider a "-" (long dash) in the cent box to indicate a zero. It makes it clear to you that there was no cent involved. Also when you total columns and there may be a difference, you will narrow down errors by removing some doubt about whether you left out some cent from a column. It also help ensure your figures lines up under each other i.e. you dont write dollars/euro in the cent column. It also looks neater :-)
Just> First, lets start off with the fact my handwriting sucks and I know it.
Strange thing happened last night. I was doing a sample excercise. I finished, and it balanced. So I went to bed on a good note. I think.
nilss> You might consider a "-" (long dash) in the cent box to indicate a > zero.
would you happen to know where I can get two column ledger paper? I was printing some off at the office but I was thinking some preprinted stuff bight be sold somewhere... I found three column. That will have to suffice if I can't hijack the office color printer.
Steve wrote:
cents but many accountants leave it blank as you have done.
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Is it OK to use pencil? A few people inclass asked that question and the prof said that's fine. BUT, in the real world must ledger sheets be in ink to keep people from smudging or screwing around with them?
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