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What is ledger❓

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What is ledger❓
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Yogita Ingle 4 years, 1 month ago

Ledger is the collection of different accounts of assets, liabilities, capital, revenue and expenses. When transactions are recorded in the Journal (Book of Original Entry), these are transferred or posted to their respective accounts in Ledgers. These are called Book of Secondary or Final Entry. Ledger contains all accounts of a business enterprise, irrespective of whether they are personal, real or nominal.

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