IT Principal Consultant

IT Principal Consultant Interview Questions and Answers

Updated 22 May 2020

Q1. What is primary and secondary Ledger?

Ans.

Primary and secondary ledgers are accounting books used to record financial transactions in different currencies or accounting standards.

  • Primary ledger is the main accounting book used to record transactions in the company's base currency or accounting standard.

  • Secondary ledger is an additional accounting book used to record transactions in a different currency or accounting standard.

  • Secondary ledgers can be used for reporting purposes or to comply with local accounting regul...read more

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