It acts as a central repository where all transactions recorded in journals are classified and summarized. When people ask, “what is ledger in accounting,” the simplest answer is that it is the structured collection of all accounts that represent... assets, liabilities, equity, income, and expenses. Without a well-maintained accounting ledger, preparing accurate balance sheets and financial statements would be nearly impossible. This system ensures transparency, allows for easy tracking of financial activity, and supports decision-making within companies or larger economic groups.
Grow your business now by claiming your business profile and get full control over your business information and unlock powerful tools to engage with customers.
Benefits of claiming your profile:
Respond to customer reviews directly
Update business information and hours
Access analytics and customers insights
Submit a report to ProvenExpert
Quality assurance is the top priority of ProvenExpert's terms of use and evaluation guidelines.
However, should you feel that a review is in violation of our guidelines, you can submit a request to have the review assessed by the ProvenExpert quality assurance team by using the following contact form.
Send email to reviewer
* Required fields
You have already posted this review on . Posting again might create duplication.
Continue?