What is a general ledger account?
What does general ledger account mean? How is that related to balance sheet?
- Meghana
- 28 Apr
- 796 Views
- 6 Answers
Your Answer
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Manali
- 28 Apr
A general ledger (GL) is a set of numbered accounts a business uses to keep track of its financial transactions and to prepare financial reports. Each account is a unique record summarizing each type of asset, liability, equity, revenue and expense
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