Explain the main object of the ledger. - Vidyadip

Question

Explain the main object of the ledger.

✓

Answer

The main object of the ledger is to show the position of each account in the business.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "Answer In One Or Two Sentence .(1 Marks)" from P1 C9 Ledger-Posting→P1 C9 Ledger-Posting — all question types→Account STD 11 Commerce question papers→Gujarat Board STD 11 Commerce question papers→Gujarat Board question paper generator→

Similar questions

What is Adjustment entries ?

What is deferred revenue expenditure?

Are the Accounting Standards rigid or not?

Under which method of depreciation, value of asset never becomes zero?

When trial balance is prepared?

What does output devices comprise of?

What is meant by error of omission

What is the bad debt for business?

What is Demurrage?

What is Journal ?