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The Captain Book-Keeping Ledger is a physical A4-sized accounting notebook used to track business or personal financial transactions. It is designed to record all income, expenses, and asset movements in a double-entry format, helping you maintain an organized record of your finances.
The ledger typically features column sections for Date, Description (Particulars), Folio, Debit, and Credit:
Date: Records the day, month, and year of the transaction.
Description (Particulars): Explains the nature of the transaction (e.g., “Office Supplies” or “Rent”).
Folio: A reference column to track where the entry is coming from (cross-referencing journals).
Debit: Records money flowing into an account or amounts owed.
Credit: Records money flowing out of an account or revenue