Question

15. The main object of keeping the ledger is:O a) To Ascertain the profit & loss of businessOb) To Ascertain the financial position of thebusinessOc) To Ascertain the debtors and creditors ofthe businessOd) To Ascertain the net result of alltransactions of one nature​

Answer 1

Answer:

To Ascertain the net result of alltransactions of one nature

Answer 2

The main objective of pleasure is to ascertain the financial position of the business. The ledger is maintained to classify different transactions under their heads and records them in a systematic and permanent order.

• The various information that is recorded is analysed and interpreted. It is for the use of various monitoring purposes and to make various important decisions.
• Managerial accounting increases efficiency by reducing the risk of uncertainties.
• It also helps in controlling the cash flow and simplifying the financial statements.