General Accounting Service

General Accounting Service is a bookkeeping method that is used to keep a record of all the financial transactions of a business or a company. Generally the double entry book keeping system is used by companies for recording all financial transactions. This service includes maintaining and keeping a record of various accounting day books including :
a c Purchase book
a c Cash book
a c Sales book
a c Supplier's ledger
a c General ledger
a c Customer ledger

A job of a book keeper includes writing and and maintaining various 'Daybooks'. He is also responsible for ensuring that the transactions are recorded in the correct daybook. A trial balance is made with the help of these accounting books and ledgers.

Why is it required?
General Accounting or book keeping is vital for any business. It assists in compiling all the accounting data and information on a daily basis. This information is later used to make various financial statements. It is the beginning of the financial data gathering.