<P> Ledgers include: </P> <Ul> <Li> Sales ledger, records accounts receivable . This ledger consists of the financial transactions made by customers to the company . </Li> <Li> Purchase ledger records money spent for purchasing by the company . </Li> <Li> General ledger representing the five main account types: assets, liabilities, income, expenses, and Capital . </Li> </Ul> <Li> Sales ledger, records accounts receivable . This ledger consists of the financial transactions made by customers to the company . </Li> <Li> Purchase ledger records money spent for purchasing by the company . </Li>

Why is ledger called king of all books