Features and advantages of ledger:

The following features and advantages are derived from ledger:

1. It has two left side shows Debit and right side shows Credit. All Debit aspect transactions is recorded on Debit side, while Credit aspect transactions is recorded in Credit side according to date.
2. The difference of both sides represents there balances. The excess of Debit side is over from credit that shows debit balance, while the excess of credit side is over from Debit that shows credit balance. If total of both two sides is equal, there will be no balance.
3. The balance is drawn at the end year and recorded on the deficit side to make the two sides equal that is known as closing balance. The closing balance of the current year will be the opening balance of the next year and so on.
4. It is the through which successful application of Double entry system is ensured. Each and every transaction is divided into two parts Receiver and Giver and this is recorded in to two concerned accounts in ledger Book.
5. Transactions relating with different persons or concerns are recorded in the account of each persons or concern separately. As a result, complete and reliable and available in each and every account. Separate account is opened for each item of assets and liabilities. Transactions recorded primarily in journal and then final in ledger.