Industry professional no longer refer to a group of folios as a ledger because such terms were used in the pre-electronic age.

Question

Quizplus · Accepted Answer

Industry professionals still use the term "ledger" to refer to a collection of financial accounts, even in the context of electronic or digital accounting systems. The term has evolved but remains relevant for describing a fundamental component of accounting practices.

Industry Professional No Longer Refer to a Group of Folios