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What is the primary purpose of balancing a ledger account?a)To identify transactions recorded in the journal.b)To close the account permanently.c)To ascertain the net effect of various transactions in an account.d)To post transactions directly into the ledger.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the primary purpose of balancing a ledger account?a)To identify transactions recorded in the journal.b)To close the account permanently.c)To ascertain the net effect of various transactions in an account.d)To post transactions directly into the ledger.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary purpose of balancing a ledger account?a)To identify transactions recorded in the journal.b)To close the account permanently.c)To ascertain the net effect of various transactions in an account.d)To post transactions directly into the ledger.Correct answer is option 'C'. Can you explain this answer?.

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