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    zerka's Avatar
    zerka Posts: 1, Reputation: 1
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    #1

    Nov 19, 2010, 10:20 AM
    What is ledger and how balances posted into ledger?
    Just Looking's Avatar
    Just Looking Posts: 1,610, Reputation: 480
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    #2

    Nov 19, 2010, 12:03 PM

    The ledger is a book where there are pages for the various accounts used in the business. It can also refer to the same thing kept on a computer, rather than a physical book. The debits and credits are posted to the appropriate account. These could come from subsidiary books.

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