Ledgers are accounting records which contain information which can be described under three headings. Real accounts describe assets owned by the firm such as buildings, machinery and office equipment. Some firms kept a record of these assets in a separate asset ledger, but in the case of McConnel & Kennedy, they appear in the general ledger. Nominal accounts record expenses and incomes. These accounts include rents received, bank interest payments and money from the sale of assets, as well expenditure on wages and fuel. These accounts appear in the general ledgers in the case of McConnel & Kennedy, but a separate volume exists which records the cost of processing the raw cotton. Personal accounts exist for creditors, from whom goods or services have been purchased on credit, and for debtors, who have received goods on credit.
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- ReferenceGB 133 MCK/3/1
- Dates of Creation1795-1840
- Physical Description6 volumes and some loose material