Question

what is a ledger account

Answer 1

Answer:

it contains a record of business transections..it is a separate record

within the general ledger that is assined to a specific asset or expense type..

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Answer 2

Answer:

Ledger is an account, kept as perBookkeeping accountancy

All entries are lst made in the journal proper with narration

amounts are debited/credited' Then they are entered to respective ledgers, there are different types

of ledgers for sales, sales returns, Purchase, purchase returns and many others according to their need