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CLASS -XI
ACCOUNTANCY
LESSON NOTE -LEDGER
• Meaning of Ledgers:
• It is a book in which transactions are classified and posted.
• it is a book which contains record of all the transactions in a
summarized and classified form.
• It is also known as Principle book.
• It is recorded on the basis of Journal entries.
• Features of Ledger:
✓ Transactions are recorded from journal
✓ It records both debit & credit aspects of the transaction
✓ Entry recorded from journal to leger is called Posting.
• Advantages of Ledger:
• It provides complete information of a particular account.
• It helps to know about Expenses and Income
• It is the basis of preparation of trial balance.
• Helps in preparation of final accounts.
4. Format of Ledger:
Dr. Cr.
Date Particulars J.F. Amount Date Particulars J.F. Amount
(Rs) (Rs)
Each side of a ledger contains the following columns:
