Free Accounts Ledger Form Template

Accounts Ledger Form

Date: [Month Day, Year]

Account Type: General Ledger

Account Name: Office Supplies Expense

Account Number: 5020

Transaction Summary

Date

Description

Reference

Debit ($)

Credit ($)

Balance ($)

Opening Balance

OB-2024

1,000

Stationery Purchase

INV-1001

300

1,300

Printer Ink Purchase

INV-1002

150

1,450

Correction for Overcharge

CRN-101

50

1,400

Office Chair Purchase

INV-1003

200

1,600


Closing Balance as of January 20, 2084: $1,600

Analysis

  • Total Debits: $650 (Sum of all expenses incurred)

  • Total Credits: $50 (Adjustment for overcharge)

  • Net Activity: $600 (Total Debits - Total Credits)

  • Closing Balance: Increased from $1,000 to $1,600, reflecting the net activity in the Office Supplies Expense account.

This ledger reflects all transactions related to office supplies for the month. The increase in the closing balance indicates additional expenses incurred during the period. The correction entry on Jan 15, 2084, shows an adjustment for an overcharge, demonstrating our commitment to accurate financial tracking.

Prepared By: [Your Name], Accountant

Date: [Month Day, Year]


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