Ledger — Chapter Summary
NIOS · Class 10 · Accountancy
Summary of Ledger for NIOS Class 10 Accountancy. Key concepts: Ledger is the book in, The process of transferring and A ledger account is prepared.
Interactive on Super Tutor
Studying Ledger? Get the full interactive chapter.
Quizzes, flashcards, AI doubt-solver and a step-by-step study plan — built for chapter summary and more.
Free trial, no card needed.
Overview
Ledger is the principal book of double entry accounting system in which all accounts are maintained. It is the book of secondary entry, the book of analytical record, and the book where journal entries are posted into separate accounts. Ledger posting brings scattered business records together under
Key Concepts
Ledger is the book in
Ledger is the book in which all accounts are maintained. It contains the complete set of accounts for a business entity and is used to collect all tra
The process of transferring recorded information
The process of transferring recorded information from day books to ledger accounts is called ledger posting. The debit part of a journal entry is post
A ledger account is prepared
A ledger account is prepared in T shape. The left side is the debit side and the right side is the credit side. The words 'To' and 'By' are prefixed o
Journal is the book of original
Journal is the book of original entry and chronological record. Ledger is the book of secondary entry and analytical record. Journal records transacti
If more than two accounts
If more than two accounts are involved in a transaction and only one entry has been made for the transaction, it is called a compound entry. It may ha
Learning Objectives
- Understand the meaning and purpose of Ledger
- Differentiate between Journal and Ledger
- Learn the process of posting journal entries into ledger accounts
- Understand compound entries in ledger posting
- Learn how to balance ledger accounts
Frequently Asked Questions
What are the important topics in Ledger for NIOS Class 10 Accountancy?
How should I revise Ledger for the NIOS Class 10 board exam?
Sources & Official References
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
More resources for Ledger
For serious students
Get the full Ledger chapter — start free.
Quizzes, flashcards, an AI doubt solver and a study plan for NIOS Class 10 Accountancy. Free to start, no card needed.