Question

What is ledger in accountancy​

Answer 1

Answer:

A general ledger represents the record-keeping system for a company's financial data with debit and credit account records validated by a trial balance. The general ledger provides a record of each financial transaction that takes place during the life of an operating company.

Answer 2

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HERE IS YOUR ANSWER

To put it simply ledger is a record of transactions. It can be either in a physical or digital format. Ledger contains a collection of financial accounts. It compiles the information of the balance of the accounts and the history of transactions.

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