Definition of Ledger
What is the Definition of Ledger in terms of Accountancy?
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Definition of Ledger: Ledger is merely a register or bound book in which there are great numbers of pages according to serial no. In ledger, one page is allocated for one account. When account is large and size is more than one page, then the new page is added and page no. of latest page is written on old page of similar account.
Project Accounting: It is sometimes termed to as job cost accounting and is the practice of making financial reports particularly designed to track financial growth of projects, which can then be utilized by managers to support project management.
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