Ledger
| A ledger is a record-keeping system that tracks and records financial transactions. This system is used by businesses and individuals to keep track of their income and expenses. The ledger is divided into two sections: the income statement and the balance sheet. The income statement shows all of the revenue and expenses for a period of time, while the balance sheet shows the assets, liabilities, and equity of a business or individual at a specific point in time. |
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