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What is ledger explain with example

Answer» The Ledger is the main or Principal book of accounts in which all thebusiness transactions would ultimately find thier place under various accounts in a duly classified form.After recording the business transaction in the Journal or special pur-pose Subsidiary Books, the next step is to transfer the entries to the respective ac-counts in the Ledger. Ledger is a book where all the transactions related to aparticular account are collected at one place.


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