what is a ledger 618973

Aug 30, 2021 | Uncategorized

  1. What is a ledger?
  2. “Ledger is the book of final entry.” Why?
  3. Explain the utilities of a ledger
  4. What is “posting”?
  5. Mention the different forms in which a ledger may be kept.
  6. What are the utilities of ledger?
  7. Explain the meaning of balancing in account.
  8. Explain the significance of balancing.
  9. What is debit balance?
  10. What is credit balance?
  11. Indicate the nature of balance in the following accounts
    1. Cash
    2. Debtors
    3. Creditors
    4. Capital
    5. Purchases
    6. Sales
    7. Wages Paid
    8. Interest Received
    9. Rent Paid
    10. Computer
  12. Distinguish Journal with Ledger.