Question

Analytical study of 25 different ledger account transaction

Answer 1

The journal entries recorded in the chronological sequence in the book of accounts is known as a ledger.

It helps to transfer the journal entries to the individual accounts.

There can be a general ledger, sub-ledger, master account or the controlling account, posting and T account.

Gain there is the debtor's ledger and the creditor's ledger for further detailed classification.