The Book in Which all the Account are Kept in a Classified Form is Called :

  1. Journal
  2. Ledger
  3. Profit & Loss A/c
  4. All of these
Anurag Mishra Professor Asked on 28th November 2015 in Economics.
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Answer: (2) Ledger

A book that facilitates the transfer of all journal entries in the chronological sequence to acconts is known as the Ledger.  Ledger has a summary of record and detail. This detail and record maeks it easier to sort through information and find out the specific items that individual need. The general ledge is also known as the book of final entry.

Anurag Mishra Professor Answered on 28th November 2015.
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