Companies use a ledger to show all of the increases and decreases in each account along with their balances.

Name: Companies use a ledger to show all of the increases and decreases in each account along with their balances.
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Question

Quizplus · Accepted Answer

Ledger is used to record all the increases and decreases of each account along with their balances, so that it can help in preparing financial statements in an organized manner.

Companies Use a Ledger to Show All of the Increases