Tag: explain the meaning of ledger posting

Questions Related to explain the meaning of ledger posting

__________ is a summary of all transactions relating to particular account.

elements of accounts ledger and posting distinction between subsidiary books and ledger explain the meaning of ledger posting methods of posting entries

  1. Balance sheet

  2. Trial balance

  3. Ledger

  4. Journal

Show answer
Correct Option: C
Explanation:

Ledger is the principal book of accounts. Journal is kept only to facilitate for passing the entries. All entries which are passed in journal are posted in ledger. For every account , a separate ledger is opened. Ledger is a summary of all transactions relating to a particular account.