Definition of Ledger
What is the Definition of Ledger in terms of Accountancy?
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Definition of Ledger: Ledger is merely a register or bound book in which there are great numbers of pages according to serial no. In ledger, one page is allocated for one account. When account is large and size is more than one page, then the new page is added and page no. of latest page is written on old page of similar account.
The following information for the month of December 20x6, with respect to cash activities, was gathered by Tressa Ltd.’s bookkeeper. Cash balance per books, December 1 $ 3,700 Q : Conglomerate expansion Evaluate the Evaluate the given statement: “Firm may decrease its currency exposure by diversifying across the different business lines”.
Evaluate the given statement: “Firm may decrease its currency exposure by diversifying across the different business lines”.
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