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Question
What are the advantages of a ledger?
What are the advantages of a ledger?
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Solution
The advantages of a ledger are as follows:
- It collects information.
- It shows the financial position at any given point in time.
- It helps in maintaining classified accounts.
- Helps in preparing a trial balance.
- It provides statistical data.
- It determines the result of each account.
Also see:
The advantages of a ledger are as follows:
- It collects information.
- It shows the financial position at any given point in time.
- It helps in maintaining classified accounts.
- Helps in preparing a trial balance.
- It provides statistical data.
- It determines the result of each account.
Also see:
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