Multiple choice general knowledge

Ledger is a book of:

  1. Final entry

  2. Original entry

  3. All cash transations

  4. Double entry
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A Correct answer
Explanation

A ledger is the principal book where all account transactions are classified and summarized after being first recorded in the journal, making it the book of final entry. The journal or subsidiary books are the books of original entry where transactions are first captured.

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