What is th ledger

Question

What is th ledger

Accepted Answer

A ledger is a book or a computerized record that contains all the financial transactions of a business.

A ledger is used to record and track all financial transactions, including sales, purchases, expenses, and payments.
It provides a detailed account of each transaction, including the date, description, and amount.
Ledgers are organized into different accounts, such as cash, accounts receivable, accounts payable, and inventory.
Each account in the ledger has a debit and credit side, representing increases and decreases in the account balance.
Ledgers are essential for preparing financial statements, analyzing business performance, and ensuring accurate record-keeping.
For example, if a company sells a product for $100, the ledger entry would include the date of the sale, the description of the product, and a $100 increase in the sales account.

Accepted Answer

And.someone purchase the product that's neme ledger the create

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