Cryptocurrency Q&A
What is the difference between a ledger and a ledger account?
What is the difference between a ledger and a ledger account?
Giulia
Thu Jan 23 2025
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6
answers
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I'm trying to understand the difference between a ledger, which I know is a collection of financial transactions, and a ledger account, which I assume is a specific type of account within the ledger. Could someone clarify this for me?
6 answers
BlockchainLegendary
Sat Jan 25 2025
The ledger serves as a comprehensive record for a specific account within the general ledger.
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MysticInfinity
Sat Jan 25 2025
Detailed information pertinent to the account is documented in this ledger.
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BonsaiStrength
Fri Jan 24 2025
Essentially, an account and a ledger have distinct functions in accounting.
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Nicola
Fri Jan 24 2025
An account is primarily responsible for recording a company's transactions.
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PhoenixRising
Fri Jan 24 2025
It logs all financial activities related to the account, ensuring transparency and accuracy.
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