

InterviewSolution
Saved Bookmarks
1. |
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. | |