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What is ledger explain with example

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What is ledger explain with example

Posted by Sanskrati Shrivastava 6 years, 4 months ago

CBSE > Class 11 > Accountancy

1 answers

Yogita Ingle 6 years, 4 months ago

The Ledger is the main or Principal book of accounts in which all the business transactions would ultimately find thier place under various accounts in a duly classified form.
After recording the business transaction in the Journal or special pur-pose Subsidiary Books, the next step is to transfer the entries to the respective ac-counts in the Ledger. Ledger is a book where all the transactions related to a particular account are collected at one place.

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