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Blessed Wasty jnr
Jul 7

What are the types of ledger?

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C
ChatGPT
Jul 7
1. General Ledger
2. Subsidiary Ledger
3. Nominal Ledger
4. Private Ledger
5. Control Ledger
6. Sales Ledger
7. Purchase Ledger
8. Cash Ledger
9. Debtors Ledger
10. Creditors Ledger
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G
Google Gemini AI
Jul 7
- General ledger: A general ledger is a chronological record of all transactions that occur in a business. It is used to create financial statements, such as the balance sheet and income statement.
- Subsidiary ledger: A subsidiary ledger is a ledger that contains detailed information about a specific type of transaction or account. For example, a business might have a subsidiary ledger for accounts receivable, accounts payable, or inventory.
- Private ledger: A private ledger is a ledger that contains confidential information, such as trade secrets or customer lists.
- Public ledger: A public ledger is a ledger that is available to the public. For example, the blockchain is a public ledger that records all Bitcoin transactions.
- Distributed ledger: A distributed ledger is a ledger that is stored across a network of computers. This makes it more secure than a traditional ledger, which is stored on a single computer.
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