Final answer:
The ledger provides up-to-date financial information pertaining to financial transactions.
Step-by-step explanation:
The ledger provides up-to-date financial information pertaining to financial transactions.
The ledger is a book or a file that contains a record of all financial transactions for a business. It includes entries for income, expenses, assets, and liabilities.
For example, the ledger will show how much money was received from customers, how much was spent on expenses, and what the current balance is in the business's bank account.