Define the term Ledger and why it is prepared?
Answers
Answered by
1
Answer:
A ledger is an organized book of all the transactions that occurred in the business related to income, expenses, assets, liabilities. The entries in it are posted from the journal entries passed; thus posting in it is treated as the second step of preparing the financial books of accounts.....
Hope it is helpful to you
Answered by
2
___________________________________♡
Definition: A ledger is an organized book of all the transactions that occurred in the business related to income, expenses, assets, liabilities. The entries in it are posted from the journal entries passed; thus posting in it is treated as the second step of preparing the financial books of accounts.
___________________________________♡
Similar questions
Math,
4 months ago
Math,
4 months ago
English,
9 months ago
Environmental Sciences,
1 year ago
Chemistry,
1 year ago