Question

Ledger may be maintained in the business enterprises in the form of bound register loose sheets both none​

Answer 1

Answer:

Ledger is generally maintained in the form of a bound register. First few pages of the ledger has ordinary horizontal ruling for indexing. Remaining pages are ruled like an account and is consecutively numbered.

The index pages are used for writing the names of accounts and the Folio No. (Page No.) where a particular account has been opened for easy location.

The ledger may also be maintained in loose-leaf form instead of one bound book.

A ledger may be kept in the form of bound register, cards or punched sheets in a loose leaf binder.

Hence, a ledger is also known as a bound book of accounts.