<P> The ledger is a permanent summary of all amounts entered in supporting journals which list individual transactions by date . Every transaction flows from a journal to one or more ledgers . A company's financial statements are generated from summary totals in the ledgers . </P> <P> Ledgers include: </P> <Ul> <Li> Sales ledger, records accounts receivable . This ledger consists of the financial transactions made by customers to the company . </Li> <Li> Purchase ledger records money spent for purchasing by the company . </Li> <Li> General ledger representing the five main account types: assets, liabilities, income, expenses, and Capital . </Li> </Ul> <Li> Sales ledger, records accounts receivable . This ledger consists of the financial transactions made by customers to the company . </Li>

The cash account in the companies ledger is a