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What is a ledger? What is …

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What is a ledger? What is the purpose and use after journal? What is the importance

Posted by Niyam Patni 6 years, 4 months ago

CBSE > Class 11 > Accountancy

2 answers

Yogita Ingle 6 years, 4 months ago

After recording the business transaction in the Journal or special purpose Subsidiary Books, the next step is to transfer the entries to the respective accounts in the Ledger. Ledger is a book where all the transactions related to a particular account are collected at one place.

Pari Arora 6 years, 4 months ago

Its just a summarised record of all the assets and liabilities

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