The ledger is simply the accounts. The Ledger is classified into 3 main classes.
1. Sales Ledger, which has the accounts of all the debtors.
2. Purchases Ledger, which has the accounts of all the creditors.
3. The General Ledger. Have all the other accounts i.e. other assets, liability, incomes and expenses and capital.
The ledger accounts can also be classified as follows:
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