Which is the book of an account in which all ledger accounts are maintained?

Open in App

Solution

A ledger is a book of account; in which all types of accounts relating to assets, liabilities, capital, expenses and revenues are maintained. It is a complete set of accounts of a business enterprise.
A ledger is a book of accounts that contains all the ledger accounts of the business, whether they are real, nominal or personal. All the entries from Journal are posted to their respective ledger accounts.

Suggest Corrections

Similar questions

Q. Where separate set of books are maintained, the ledger accounts required are ____________.

Q. From which books of accounts Ledger posting is made in the Ledger?

Write the word, term, phrase, Which can substitute each of the following statement.

1) Transfer of a Journal entry from Journal to ledger.
2) Total of Debit side of an A/c is more than total of Credit side of an A/c.
3) Page number of ledger.
4) A book of an account in which all ledger accounts are maintained.
5) Left hand side of an account.
6) Right hand side of an account.
7) Types of accounts which are not balanced but transferred to Trading A/c or Profit & Loss A/c.
8) Bound book of accounts.
9) An account where total of Purchases Book is posted.
10) A statement of accounts prepared from the balances of ledger account.

Q. Ledger is an account book in which ______________.

Q. _______ is a book of account, in which all types of accounts relating to assets, liabilities, capital, expenses and revenues are maintained.

Join BYJU'S Learning Program