what is ledger and what is its importance?

Question

Aishwary Jaiswal · Accepted Answer

hello,

A ledger is a book that contains accounts in which the classified and summarized information from the journals is posted as debits and credits

The ledger stores and organizes all the information that is needed to prepare a company's financial statements .

it is important because it helps you monitor and control a business' financial operations

hope that helps

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