define of ledger? state its features
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Ledger is a powerful, double-entry accounting system that is accessed from the UNIX command-line. Ledger is a double-entry accounting tool, meaning that all entries must balance. ... If an entry does not balance, it will cause an error and the report will not be generated.
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Ledger :-
A ledger is the principal book or computer file for recording and totaling economic transactions measured in terms of a monetary unit of account by account type, with debits and credits in separate columns and a beginning monetary balance and ending monetary balance for each account.
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Function of Ledger :-
- Ledger never creates or modifies your data.
- The amount of data required by Ledger is minimal.
- Ledger is a double-entry accounting tool, meaning that all entries must balance.
- Ledger is 100% currency-agnostic.
- Ledger is international.
- Ledger uses a simple set of base commands which can be extended in countless ways.
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