Question

which types of ledger are popular?​

Answer 1

Answer:

The three types of ledgers are the general, debtors, and creditors. The general ledger accumulates information from journals. Each month all journals are totaled and posted to the General Ledger.

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Answer 2

Answer:

The three types of ledgers are the general, debtors, and creditors. The general ledger accumulates information from journals.

Explanation:

                             LEDGER

A ledger account contains a record of business transactions. It is a separate record within the general ledger that is assigned to a specific asset, liability, equity item, revenue type, or expense type.

          WHY IS IT IMPORTANT?

The ledger is important because it helps you monitor and control a business's financial operations. The ledger stores and organizes the information needed to prepare a company's financial statements. It also provides the tools for the analysis of accounts and transactions.

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