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What is gl account-?

Updated: 12/24/2022
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Poopiitgp3163

Lvl 1
10y ago

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GL stands for general ledger. This is where all the financial activity of a company is recorded. Within the GL, there are accounts. Each account houses a certain type of activity or category of assets (e.g. cash) or liabilities (e.g Accounts Payable).

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Chris Hawkins

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3y ago
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Wiki User

10y ago

A GL account is a type of accounting account known as general ledger.

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