What is meant by Ledger?
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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.The ledger contains the information that is required to prepare financial statements. It includes accounts for assets, liabilities, owners' equity, revenues and expenses.
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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. ... The ledger contains the information that is required to prepare financial statements. It includes accounts for assets, liabilities, owners' equity, revenues and expenses.
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