The meaning of GENERAL LEDGER is the principal and controlling ledger of a business enterprise containing individual or controlling accounts for all assets, liabilities, net worth items, revenue, and expenses.
general ledger (redirected fromGeneralledger) Thesaurus Financial Related to Generalledger:trial balance ThesaurusAntonymsRelated WordsSynonymsLegend: Switch tonew thesaurus Noun1.general ledger- the ledger that contains all of the financial accounts of a business; contains offsetting debit and credit accoun...
1. of, involving etc all, most or very many people, things etc. The general feeling is that he is stupid; His general knowledge is good although he is not good at mathematics.general 2. covering a large number of cases. a general rule.general 3. without details. I'll just give you...
General Ledger Extended DefinitionThe general ledger serves as a place to record your business’s transactions. The general ledger includes a date, name, description, and balance for each account. The main accounts used in a general ledger are: ...
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The general ledger may not be the most exciting business component, but it’s the cornerstone of any accounting process. A financial ledger holds the records of every transaction your company has ever made. Any good accountant needs access to a company’s general ledgers to prepare financial ...
The general ledger or ledger is a record of all the accounts that the company uses. In all modern accounting systems, the general ledger is computerized. A general ledger divides accounts into three account types: assets, liabilities, and equity accounts. Most companies have many of the same ...
Ledger Also found in:Dictionary,Thesaurus,Financial,Idioms,Encyclopedia,Wikipedia. Related to Ledger:general ledger,Ledger balance The principal book of accounts of a business enterprise in which all the daily transactions areentered under appropriate headings to reflect the debits and credits of each ac...
entitya reference to the constant entity holding the list of localized text is.dataFormat.character is.dataFormat.array BackingTable_LedgerStatementHeaderRelationshipId First included in: GeneralLedger/LedgerStatementDefinitionEntity (this entity)
The chart of accounts definition can be divided into two parts. The first part covers the general ledger accounts. These are the accounts that are used to record all the financial transactions that take place within a company. The second part covers the special ledger accounts. These are the ...