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Why is the Ledger called the Book of Final Entry? - Accounts

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Why is the Ledger called the Book of Final Entry?

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उत्तर

The ledger is called the book of final entry because it is where transactions, after being recorded in the journal, are finally classified and summarized into specific accounts for easy reference and preparation of financial statements.

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पाठ 15: Project Work - PROJECT WORK PROBLEMS [पृष्ठ P-14]

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डी. के. गोएल Accountancy Volume 1 and 2 [English] Class 12 ISC
पाठ 15 Project Work
PROJECT WORK PROBLEMS | Q 11. | पृष्ठ P-14
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