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 ...
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What is general ledger accounting?
Maintaining a general ledger helps you gauge a business's financial health and avoid accounting mistakes. Learn what a ...
When it comes to tracking the finances of a business, a double-entry accounting system that uses both a general ledger and a general journal is usually the best method for tracking a company's overall ...
Will Kenton is an expert on the economy and investing laws and regulations. He previously held senior editorial roles at Investopedia and Kapitall Wire and holds a MA in Economics from The New School ...
Accounting is a detailed process for recording and reporting a company's financial information. Businesses often use several different ledgers and journals to maintain records of financial ...
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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