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What Is A Ledger? |
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Answer» Ledger is the book where the transactions of similar NATURE pertaining to a person, asset, liability, income or EXPENDITURE are drawn from the journal or subsidiary BOOKS where the transactions are recorded in a chronological order and posted ACCOUNT wise in the Ledger account. Ledger MAINTAINS all types of accounts i.e. Personal, Real and Nominal Account. Ledger is the book where the transactions of similar nature pertaining to a person, asset, liability, income or expenditure are drawn from the journal or subsidiary books where the transactions are recorded in a chronological order and posted account wise in the Ledger account. Ledger maintains all types of accounts i.e. Personal, Real and Nominal Account. |
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