What is a general ledger account?
What does general ledger account mean? How is that related to balance sheet?
- Meghana
- 28 Apr
- 799 Views
- 6 Answers
Your Answer
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MeghanaMS
- 07 Jul
A general ledger account is an account or record used to sort and store balance sheet and income statement transactions. Example of ledger account includes the asset accounts such as cash, accounts receivable, inventory, land and equipment.
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