What is the device used for the calculations of payment and balancing the accounts record s

Social Studies

1 answer:

andreev551 [17]2 years ago

5 0

A ledger is used for the calculations of payment and balancing the accounts records.

<h3>What is a ledger?</h3>

A ledger is a account or a book that is used to record the bookkeeping entries for the balance-sheet and income-statement transactions.

Through the ledger account, a ledger balance is calculated by the bank at the end of each business day that may includes all the withdrawals done and deposits made for computing total money available in the bank account.

The ledger contains the information like assets, liabilities, expenses, revenue etc.

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