Question

explain property of balance sheet and ledger account​

Answer 1

Answer:

The asset ledger is the portion of a company's accounting records that details the journal entries relating only to the asset section of the balance sheet. Asset ledgers will have many sub-accounts. The larger the company, the more numerous and complex the asset ledgers will be.

The asset ledger is the portion of a company's accounting records that details the journal entries relating only to the asset section of the balance sheet. Asset ledgers will have many sub-accounts. The larger the company, the more numerous and complex the asset ledgers will be. The balance sheet of a company will itemize current and long-term assets, but the individual transaction data will not be available as it would be in an asset ledger.

Answer 2

Answer:

Asset ledgers will have many sub-accounts. The larger the company, the more numerous and complex the asset ledgers will be. The balance sheet of a company will itemize current and long-term assets, but the individual transaction data will not be available as it would be in an asset ledger.

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