Question

Advantages of ledger?​

Answer 1

Answer: See explanation

Explanation:

A ledger contains the transactions that's done by a particular business. The ledger is vital for any business as it helps in the monitoring and the control of the financial operations of the business.

Also, the ledger stores the information that a company requires to prepare its financial statements. Furthermore, the ledger is required in the application of the double entry system and in preparing the trial balance.