Accounting For Managers - Accounting Process

The Ledger

   Posted On :  22.01.2018 09:13 am

A ledger is a set of accounts. It contains all the accounts of a specific business enterprise. It may be kept in any of the following two forms: (i) bound ledger and (ii) loose leaf ledger

 A bound ledger is kept in the form of book which contains all the accounts. These days it is common to keep the ledger in the form of loose-leaf cards. This helps in posting transactions particularly when mechanized system of accounting is used.

Tags : Accounting For Managers - Accounting Process
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