Question

What is meant by Ledger? Why is Ledger prepared.?

Answer 1

Answer:

Leger is a part of original entry in which entries are made from journal the main property is to know all transactions are right and can be found easily

Answer 2

ANSWER

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•This is a book of final or secondary entry.

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Additional information :-

•Transactions in laser are recorded in classified analytical form.

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•It does not provide complete information at one place because debit and credit aspects of transaction are recorded in separate accounts.

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•The process of recording transaction in this book is called posting.

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•Final accounts can be prepared directly from the balances of ledger accounts.

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