Question

Define the term Ledger and why it is prepared?​

Answer 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.....

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Answer 2

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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.

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