What is a ledger?

Q: What is tally accounting?

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: What are the two types of accounts?

A: There are two types of accounts. They are, Temporary accounts, and Permanent account.

Q: What is tally accounting, and how does it work?

A: Tally is an accounting program that lets you track and manage all of your accounts, sales, debts,…

Q: What is accounting? Also define its branches.

A: Every business, when it set up, has to know its plan of how it has to be carried on and what all…

Q: What is accounting base on

A: The term that is related to the recording of the business transactions, summarizing the data, and…

Q: what is accounting?explain it.

A: A business needs quantitative record of its over financial performance and financial position in…

Q: What are the branches accounting?

A: Accounting represents the recording of the financial and non-financial information in the books of…

Q: What's is the accounting equations

A: Accounting equation is considered as foundation of double entry accounting system. Accounting…

Q: What purpose is served by the output devices of an accounting system?

A: Output devices: Output devices help in taking the information out of the system and provide it to…

Q: What is a T-account? What is it's purpose?

A: An account is Record of transactions whether cash or credit under a particular head of account like…

Q: What does a ledger show? What’s the difference between a ledger and the chart of accounts?

A:

Q: What is accounts

A: The explanation is provided as follows:

Q: What are the popular accounting applications?

A:

Q: Briefly define accounting.

A: This question explains about accounting.

Q: What is an account and how is it related to the ledger?

A: Accounting is the process of identifying, recording, classifying and summarising accounting…

Q: What is the important of Accounting

A: Accounting is the process of systematically recording, measuring, analyzing and communicating…

Q: What is the definition of bookkeeping?

A: Bookkeeping is considered as a part of accounting. It deals with the recording of day-to-day…

Q: What is the accounting cycle?

A: Accounting cycle means the process of collecting, processing and reporting of the financial…

Q: What columns are included in a typical ledger format?

A: Ledger indicates the posting of entries from the journals in their respective categorized accounts…

Q: What is accounting information system and what is its components and explain.

A: All the transactions in the company will be recorded in the journal book in a chronological manner.…

Q: What are the principle of accounting

A: Principles of accounting are the rules and regulations that must be pursued by an organization when…

Q: Define the term accounts.

A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…

Q: A typical ledger format includes what columns?

A: Ledgers: The transactions after being posted in journal and journal voucher are shown in the…

Q: What mean accounting information?

A: The basic concept of Accounting is to Record the transaction which was pertaining in the…

Q: What is the difference between formulas and Accounting charts?

A: Solution:- Explanation of difference between formulas and Accounting charts as follows under:-…

Q: What is account?

A: The account is a very important term that is used in the accounting process. It includes assets,…

Q: Define accounting

A: One of the most important factor any business is accounting. An accountant is the one who handles…

Q: What is the purpose of accounting?

A: Accounting is the process of recording the financial transactions and events of a business. The…

Q: What is a Ledger?" An account An accounting journal A group or file of accounts AT-account

A: T- Account - T-Account is the representation of ledgers in the tabular form. It includes debit and…

Q: What is bookkeeping

A: Book Keeping is one of the functions of accounting.

Q: Define Accounts.

A: An account is a summary of the record of all the transactions relating to a person, asset , expense…

Q: What is the purpose of a subsidiary ledger?

A:

Q: What's the difference between a chart of accounts and general ledger?

A: Charts of Accounts: Charts of accounts are the list of all the accounts which the company has. It is…

Q: Define transactions balance

A: Definition: Working capital: The measure which evaluates the ability of a company to pay off the…

Q: what are checks and balances ?

A: Checks and Balances:-It is a system where each branch of government has power and helps in…

Q: What is ledger account? Explain using illustrations.

A: There are many accounting journals maintained in a business to record all the transactions done in a…

Q: what does a general ledger do?

A: The ledger seems to be a book of accounts that contains the categorized and summarised information…

Q: What is a contra account?

A:

Q: transactions into ledger.

A: Meaning of Ledger All the transactions which are recorded on journal are posted into the ledger…