The general ledger is also known as the main or nominal ledger, because it holds both sides of double-entry transactions. In contrast, the purchase and sales ledgers are called subsidiary ledgers ...
A company's business transactions are recorded to a general ledger for financial reporting and analysis purposes. There are several advantages to immediately updating a general ledger account. Current ...
What Is a General Ledger? How It Works, Importance, Examples Your email has been sent A general ledger provides a complete record of financial transactions for a business. Learn how it works, why it ...
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