Answer: (b) Analytical order

Description: The financial information in a ledger is recorded as classified by its nature and relevance. The transactions are recorded in an account form i.e. all transactions of same nature at one place. This gives it an analytical character and hence can be said that ledger records transactions in an analytical order.

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Ledger records transaction in a chronological order.

Explanation:
A ledger is a book of accounts that contains all the transactions of a business. It is a principal book of accounting that provides a complete record of all financial transactions. The ledger is maintained in a chronological order, which means that transactions are recorded in the order in which they occur. The chronological order of recording transactions in the ledger is important because it helps in the following ways:

1. Easy to locate transactions: When transactions are recorded in a chronological order, it becomes easy to locate a particular transaction. This is because all the transactions are recorded in the order in which they occurred, which makes it easy to find a particular transaction.

2. Helps in identifying trends: When transactions are recorded in a chronological order, it becomes easy to identify trends in the business. This is because the ledger provides a complete record of all financial transactions, which can be used to analyze the financial performance of the business over a period of time.

3. Facilitates auditing: When transactions are recorded in a chronological order, it becomes easy for auditors to verify the accuracy of the financial statements. This is because the auditors can easily trace the transactions from the ledger to the financial statements.

Conclusion:
In conclusion, the ledger records transactions in a chronological order, which is an important aspect of accounting. This helps in easy location of transactions, identifying trends, and facilitates auditing.