Give one important use of ledger
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Explanation:
A general ledger represents the record-keeping system for a company's financial data with debit and credit account records validated by a trial balance. The general ledger provides a record of each financial transaction that takes place during the life of an operating company.
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The ledger is important because it helps you monitor and control a business' financial operations. The ledger stores and organizes the information needed to prepare a company's financial statements. It also provides the tools for analysis of accounts and transactions.
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