Question

40.
records all the
transactions of similar nature at
one place.
O
Accounting
O
Book Keeping
O
Account
O
Accountancy​

Answer 1

Answer:

A ledger takes each financial transaction from the journal and records it into the corresponding account for every transaction listed. The ledger also sums up the total of every account, which is transferred into the balance sheet and the income statement.

Explanation:

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