what is ledger ???? definition of ledger .????
Answers
Answer:
A ledger is the principal book or computer file for recording and totaling economic transactions measured in terms of a monetary unit of account by account type, with debits and credits in separate columns and a beginning monetary balance and ending monetary balance for each account.
Ledger is the principal book of business. It contains all the accounts. Every account has two aspect debit and credit .In ledger each items of business has a separate account . All the transactions related to the particular thing or person are recorded in this account. So as to derive full information about that account. It is regarded as the final destination of all entries and therefore also called as book of final entry .
DEFINITION OF LEDGER :::::
Ledger is the chief book of accounts.
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