Ledger is also called ___________.

Principal Book of Accounts

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Cash Books

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Subsidiary Books

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Petty Cash Book

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Solution

The correct option is A Principal Book of Accounts
Journal is called subsidiary books of account. It does not provide the summarized data.
Hence, all entries need to be posted in ledger account. Ledger is also called as principal book of accounts as it gives the details of each account.

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