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What do you mean by ledger

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What do you mean by ledger

Posted by Happy H 6 years, 7 months ago

CBSE > Class 11 > Accountancy

1 answers

Anjali Pandey 6 years, 7 months ago

Ledger is a principal book of accounting system which contains all the accounts that is assets, liabilites,revenue and expenses. All the tranactions recorded in books of original entry are transferred to ledger .This proces of transferring journal entry to individual accounts is called posting.

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CBSE > Class 11 > Accountancy