What is ledger?
Definition of ledger
Ledger is the accumulation of a whole group of comparable records in double-entry bookkeeping. Likewise called book of final entry, a ledger records grouped and condensed money related data from journals as charges and credits, and demonstrates their present adjusts. it is one of an important function for the management of records in the execution of double entry transactions.
Breif Explanation of ledger
This ledger has been used by accountants which shows a manage record of transactions, according to the nature of transitions. Accountants associates this record the financial reports of a company which is prepared for external use.There is a no of functions have been done due to this ledger after maintaining this ledger all of these mention record or transactions have been trail and then adjusted for the integrated results.The purpose of managing this ledger and their record is to execute the final step which is reporting of all the mention transaction to the final consumer of that record whether it’s business analyst or external user.