3 years ago

What is the function of a ledger?

Business

1 answer:

Nitella [24]3 years ago

5 0

Answer:

Record and consolidate all financial transactions.

Explanation:

A ledger is a book that contains a record of all the transactions made- be it credit or withdrawals/ expenses. It is a book that maintains a record of any form of transaction that was ever done by a person or company.

It can also be a computer folder where the same record is made. The main point of maintaining a ledger is to keep track of, record, and also "make" solid evidence or proof of the transactions ever done. Thus, the <u>function of a ledger is to record and consolidate all financial transactions ever done</u>.

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