A ledger is a book or collection of accounts in which accounting transactions are recorded. Each account has:
an opening or brought-forward balance;
a list of transactions, each recorded as either a debit or credit in separate columns (usually with a counter-entry on another page)
and an ending or closing, or carry-forward, balance.
A ledger is a book or collection of accounts in which accounting transactions are recorded. Each account has: an opening or brought-forward balance; a list of transactions, each recorded as either a debit or credit in separate columns (usually with…
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