Question

different types of ledger account and its explain briefly

Answer 1

A general ledger account is an account or record used to sort and store balance sheet and income statement transactions. Examples of general ledger accounts include the asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment.

Answer 2

General ledger representing the five type of account

*asset A/c
*liability A/c
*income A/c
*capital A/c
*expenseA/c