A ledger is a book that contains accounts, and a diary is a book that contains observations.
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Similar Questions
Q1
_________ is a statement of accounts which appeared in the ledger.
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Q2
If there is a debit balance in ledger accounts than ___________.
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Q3
Accounts payable or creditors ledgers will generally have a _____ balance.
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Q4
Give one word, term or phrase for the following statement:
1) A List of Debit Balances and Credit balances in the ledger.
2) A Statement prepared to provide the base for preparing the final accounts.
3) A statement is prepared without balancing the ledger account.
4) Mention the side where goodwill A/c is appeared in the Trial Balance.
5) A List of both Ledger balances which is prepared after the closing of ledger Accounts.
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Q5
Trial balance is a link between the ledger and final accounts. Explain.