What is a ledger in Accounting principles
Accounting
ScanSolve AI Answer
In accounting, a ledger is a principal book or collection of books that contains the accounts of a business. It is used to classify and summarize financial transactions. Each account in the ledger shows the debits and credits related to that specific account.
Was this helpful?
Still stuck on this one?
Ask a follow-up, and the answer starts from this question.
Got a different question?Ask your own question