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Question Practice

What is the purpose of the ledger in accounting?

Attempt the question, check the explanation, and continue with similar questions to build confidence before exams.

MCQ_SA
CBSE
Class 11
Accountancy
Financial Accounting - I
Recording of Transactions - I
Question Bank

What is the purpose of the led...

Single Answer MCQ
Q-00053924

What is the purpose of the ledger in accounting?

1

To record transactions in chronological order

2

To summarize financial transactions for each account

3

To generate financial statements

4

To maintain a record of cash transactions only

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