AUDIT LEDGER

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Definitions

in this ledger one can see how much was banked, how much was drawn out of the bank, what the income was, what the money was spent on, and how much you have in the bank. In other words, you have all your money affairs condensed into eight sheets of paper instead of spread over thousands upon thousands of invoices, vouchers, checks and other pieces of paper of different types. (HCO PL 10 Oct 70 I)