Advantages of Ledger

Maintaining of ledger is a must in every accounting system. It is necessary as will be clear from its Advantages of Ledger
in which include Ledger is the destination of all entries made in journal or sub-journals.Advantages of Ledger include,Ledger is the “store-house” of all information which systemetically used for preparing final accounts and financial statements.

Ledger

Ledger: Learning Objectives: Define and explain the term ledger. What are the main advantages of ledger? What is the difference between ledger and journal? Explain the method of posting. What are the different methods of preparing a trial balance? Why a trial balance is

Advantages of Ledger

Advantages of Ledger Learning Objectives: What are the main advantages of ledger? The following are the advantages derived from ledger: It is the ledger through which successful application of double entry system of bookkeeping is ensured. Each and every transaction is divided into two