) Which of these facts about a ledger is NOT CORRECT?
A. A ledger is used purely for the reporting of cash
B. A ledger consists of transactions, often governed by contracts
C. A ledger is a system of record
D. A ledger describes the inputs and outputs of a business.
Answer:A
) Which of these facts about a ledger is NOT CORRECT?
A. A ledger is used purely for the reporting of cash B. A ledger consists of transactions, often governed by contracts C. A ledger is a system of record D. A ledger describes the inputs and outputs of a business.