Ledger exists a group of connected accounts that compromise all accounts of a specific business.
What is Ledger?
In accounting, a general ledger exists utilized to record all of a company's transactions. Within a general ledger, transactional data exists organized into assets, liabilities, revenues, expenditures, and owner's equity. After each sub-ledger includes been closed out, the accountant organizes the trial balance.
The account exists as a place where transactions stand recorded and Ledger is a place where accounts are preserved. When the transaction happens, we determine the nature of the transaction, and then it exists recorded in the proper account.
A ledger exists as a book or digital record including bookkeeping entries. Ledgers may include elaborate transaction information for one account, one kind of transaction, or—in the case of a general ledger—rehashed statements for all of a company's financial transactions over a period.
Ledger exists a group of connected accounts that compromise all accounts of a specific business.
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