Question

The Ledger is a book of......??​

Answer 1

$\mathfrak\pink{Answer :) }$

• Ledger It is also known as the principal book of accounts as well as the book of final entry..

• It is a book in which all ledger accounts and related monetary transactions are maintained in a summarized and classified form.

• All accounts combined together make a ledger and form a permanent record of all transactions.

Answer 2

Answer:

• A ledger is an accounting record that lists debits and credits for the categorized and condensed data from the journals.

• Another name for it is the second book of entries. The information needed to create financial statements is contained in the ledger.

• Ledger The chief book of accounts and the book of final entry are other names for this document.

• It is a book where all ledger accounts and associated financial activities are kept in an organized and categorized manner.

Hence, the ledger is a book of accountancy.

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