Course Content

  • 10000

Course Content


A ledger is the real account head that is used in all accounting vouchers to identify your transactions. Purchase, payments, sales, receipts, and other account heads, for example, are ledger accounts. You can't record any transaction without a ledger.

A ledger is a book or collection of accounts that keeps track of account transactions. Each account has a starting or carry-forward balance, and each transaction would be recorded as a debit or credit in its own column, as well as the account's ending or closing balance.

There are primarily three sorts of ledgers: sales, purchase, and general ledger. The principal book of accounts, commonly known as a ledger, is a permanent record of all corporate activities.

Description. The capital account shows the initial investment made by the business's owner or owners. According to the business entity idea, the owners and the business are separate entities, hence any capital investment by the owners is a liability.

Ledgers are basic ledgers that keep track of credit and debit transactions. When we enter checks or deposits in our chequebooks, or deposits and withdrawals in a savings passbook, we use a ledger. A household ledger is kept by some people. Others handle ledgers for small businesses and multinational firms.

Recommended Courses

Share With Friend

Have a friend to whom you would want to share this course?

Download LearnVern App

App Preview Image
App QR Code Image
Code Scan or Download the app
Google Play Store
Apple App Store
598K+ Downloads
App Download Section Circle 1
4.57 Avg. Ratings
App Download Section Circle 2
15K+ Reviews
App Download Section Circle 3
  • Learn anywhere on the go
  • Get regular updates about your enrolled or new courses
  • Share content with your friends
  • Evaluate your progress through practice tests
  • No internet connection needed
  • Enroll for the webinar and join at the time of the webinar from anywhere