The ledger is the second step of accounting. Ledger is a principle book of accounts, which make final record of all the transactions in a classified manner so as to provide detailed information about the financial transactions of the business. This note has information about ledger and its objectives.
While posting the account from journal to the ledger, the rules of journalizing should be followed. Account debited in a journal should be also debited and account credit also credit in the ledger account. This note has information about the procedures of preparing ledger account.