A ledger can't be deleted if it is carrying opening balance
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Answer:
True.
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Ques. A ledger can't be deleted if it is caring opening balance
A. true
B. false
Answer:
This statement is false.
Explanation:
- A ledger is a collection of books, each of which contains a set of accounts.
- Each account has a beginning or carry-forward balance, and transactions are maintained as a debit or credit in distinct columns, as well as the industries' ending or closing balance.
- It is also known as the second entry e-book.
- An accounting ledger is a book-keeping account or record that stores balance-sheet and income-statement transactions.
- Cash, accounts receivable, investments, inventories, accounts payable, accrued expenses, and client deposits are all examples of accounting ledger journal entries.
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