The ledger account is prepared in_______format
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A ledger account is a derivative. It has no independent existence. It is derived from the journal. The Ledger is prepared by carrying the information in the journal to it.
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A ledger is a book containing accounts in which the classified and summarized information from the journals is posted as debits and credits. It is also called the second book of entry. The ledger contains the information that is required to prepare financial statements.
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