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The General Ledger The Account receivable Ledger The Accounts payable Ledger
general ledger
A general ledger is a complete financial record of all transactions completed within a business. This covers the life of the company and essentially never ends.
A general ledger shows complete financial transactions over the life of a company. The trial balance just shows debits and credits of the business.
The General Fund Enterprise Business System (GFEBS) reduces or eliminates waste, improves accountability, and reduces the cost of business ownership.
The General Ledger The Account receivable Ledger The Accounts payable Ledger
A General Ledger is the main ledger & all other ledgers like, Account Receivable, Account Payable Ledgers are all sub ledgers. Previously there used to be only one ledger ie the General Ledger, but as Business grew, the number of accounts too multiplied, so, the General Ledger started getting fatter, therefore the need to bring out accounts of similar nature out of General ledger & create sub-ledgers. However, there is a representative account for the subledgers in the General Ledger, which maintains only the balances of the various accounts in the Sub-Ledgers.So, by doing this the Trial Balance can always be created from the General Ledger only.
If you are referring to a Trial Balance in Accounting, the Trial Balance is a list of nominal ledger (general ledger) accounts contained in the Ledger of a Business.
general ledger
General ledger is the book of final entry of all business transactions of a company. Primarily, any end balance from the said ledger of all accounts used by a particular business enterprise is the...The all important books in the financial transaction is known as ledger.A general ledger is a summary of all transactions that occur in a company (this is not entirely accurate, the general ledger shows you the balances and debits and credits to each specific account but..
A general ledger is a complete financial record of all transactions completed within a business. This covers the life of the company and essentially never ends.
Another name for the General Ledger is Nominal Ledger.
A general ledger shows complete financial transactions over the life of a company. The trial balance just shows debits and credits of the business.
General ledger is the book of final entry of all business transactions of a company. Primarily, any end balance from the said ledger of all accounts used by a particular business enterprise is the...The all important books in the financial transaction is known as ledger.A general ledger is a summary of all transactions that occur in a company (this is not entirely accurate, the general ledger shows you the balances and debits and credits to each specific account but..
general ledger
what is the purpose of the ledger?
Most all business accounts are considered general ledger. Business accounts could include accounts receivable, accounts payable, customer order logs logs, merchant order logs, and the list can go on.