General ledger maintenance requires posting from the cash book and monthly reconciliation to ensure balanced liquidation accounts. A separate General Ledger must be maintained for each company in liquidation with heads of account as the Official Liquidator deems necessary; entries are to be posted from the company's Cash Book and the total debits and credits across heads must agree after considering cash and bank balances, with monthly tallies required.
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General ledger maintenance requires posting from the cash book and monthly reconciliation to ensure balanced liquidation accounts.
A separate General Ledger must be maintained for each company in liquidation with heads of account as the Official Liquidator deems necessary; entries are to be posted from the company's Cash Book and the total debits and credits across heads must agree after considering cash and bank balances, with monthly tallies required.
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