The ledger is merely a bookkeeping device and, therefore, does not provide useful data for management.

Question

Quizplus · Accepted Answer

This statement is false. The ledger is an essential tool for tracking financial transactions, and it provides valuable data for management in terms of budgeting, forecasting, and financial analysis. The ledger helps management to make informed decisions about the company's financial health, profitability, and growth potential.

The Ledger Is Merely a Bookkeeping Device And, Therefore, Does