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The 6 Types of Businesses Above are mention:

Tips for Better Managing Cash Flow

• The general ledger provides the position of the business at any given point of time.  For example an Cash ledger will reflect the cash in hand as on date, the bank ledger will reflect the bank balance.
• It facilitates Bank Reconciliation since all the transactions pertaining to a single bank account are recorded in a single place.  A
• lso since the ledgers are classified at the time of creation itself,  an organization can view all its debtors ledgers at one go.
• For auditors, the general ledger is an insight to an organization’s transactions. Detailed analysis of ledgers can give the auditors a deep understanding of the business.  

• Expense Ledgers: All expenses incurred will be posted in this ledger. Purchase Account, Rent Account,  Electricity account, Maintenance Account and the like will all fall under this category.

• Income ledgers: All income accrued/earned will be posted in this account. Sales,  interest received, Discounts received accounts will fall under this category.

• Capital ledger: All accounts pertaining to Capital introduced/drawings will fall under this ledger.

• Asset ledger: All accounts pertaining to assets will be posted in this ledger.  Cash, Bank, Debtors, Machinery, Furniture accounts and the like will fall under this category.

• Liability ledger: All accounts pertaining to debts or obligations of the organization will be posted here.  This will include Borrowings, Creditors, Accounts payable and so on.