Practices of Feudalism. 1  Fiefâholding. 2  A fief is a hereditary position with land and peasants. 3  In order to keep a fief, a lord had to be able to protect his land.  A lord could give one of his vassals a 1  fief. Primogeniture.  The land went to the eldest 1  son. Relief.  Taxes paid by vassals to their lord.
General Ledger. Definition: A general ledger is the master set of accounts that summarize all transactions occurring within an entity. There may be a subsidiary set of ledgers that summarize into the general ledger.
What an account reconciliation IS: A comparison of the General Ledger balance as of a certain date to a credible, independent or related source of information. What an account reconciliation IS NOT: Listing and totaling the transactions that have posted in Banner. These guidelines are intended to show departmental personnel how to find their General Ledger balances in Banner, and how to reconcile those balances.