The cashbook and ledger enjoy what can be considered a ... expenses, assets, liability and equity. Individual transactions, such as payments or receipts, ... Each entry in the book should ...

Payments and receipts are posted first to the cash book before transferring them to the general ledger, meaning it is wise to make more than one record of each financial transaction.

GOP lawmakers introduce the LEDGER Act to create 'America's Checkbook,' requiring tracking of federal spending after $4.7 ...