Question

Why is ledger prepared?​

Answer 1

Answer:

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The purpose of the ledger is to take the entries made in the journal and logs and tallies up all transactions that affect a specified account. It shows your total monthly sales of Widget A, your total payroll expenses or your total postage expenses that month. ... The ledger does not show you the offsetting account.

Answer 2

Explanation:

when did journalised entry recorded and maintenance in a book it's called as a ledger. A ledger account is opened on each page of the laser book but the terms of the book might be more than one person or transition according the date wise