As we see the Total = 500us
i dont understand how the General ledger work .
in my view its suppose
cash account = 450 us ---------- borrows ------------- JV------------- travel account 50
It supposee that the Total is not change because we just borrow a 50 us from account and put them in a travel account
so the cashe account now =400
travel account = 50
so it suppose that no any change in the Total value of Th general ledger and should be keep same and be = 450 us Not a 500
am i right ?
thanks a lot for your help and waiting your guids .
in perpectual method, journal per transaction.
if you open general ledger (your screen shoot) for 2 transaction. and total is 500 USD debet and credit. its true. balance.
otherwise , how to know all the money that i have in the company ?
its not logic
to enter all the accounts and sum all of them to know how much money that i have in my company am i right ?