Question

4. Each account is kept on a separate page in the ledge is known as
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Answer 1

A seperate page for each account in three Ledger is called Spreadsheet.

Based on this pattern, MS Excel or other such softwares have been developed for the creation of Spreadsheets and carrying out the related work.

Answer 2

General Ledger known as seperate page of each account in the ledger.

Explanation:

A record or ledger is defined as set of numbered accounts a business uses to remain track of its financial transactions and to arrange financial reports.

It has various type of labels like asset, liability, equity, revenue or expense.

• Reason or separate pages of each account:

1. Provides accurate record of all financial transactions and individual information.
2. Easy to compile a shot balance and every ledger balance.
3. Create filing tax returns easy because all expenses and income are in one place.
4. Reports to real revenue and expenses so you'll manage or continue top of paying.

Project code #SPJ3