A ledger typically contains detailed records of financial transactions organized systematically to facilitate the tracking of financial activities. It includes entries for each transaction, usually arranged by date, with descriptions of the transactions, the amounts involved, and the corresponding accounts affected. Each entry in the ledger will have at least two accounts—a debit and a credit—to ensure the balance sheet remains balanced according to the principles of double-entry bookkeeping. The ledger may also include running balances to show the cumulative effect of transactions on each account over time. This structured format helps in preparing financial statements, reconciling accounts, and ensuring the accuracy and integrity of financial records.