Question

Which of the following is not correct with regards to ledger ?

• A. It helps to identify the list of transactions under a particular account head
• B. It is an account book which contains all account heads which are opened in journal
• C. Ledger is a book of primary entry in which transactions are recorded for the first time
• D. Ledger records the transactions in a chronological order i.e. date wise manner

Answer 1

The correct option is C

Ledger is a book of primary entry in which transactions are recorded for the first time

Ledger is a book of secondary entry in which transactions are recorded after their entry into journal.