“General ledger.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/general%20ledger. Accessed 24 Feb. 2025. Copy Citation Share Post the Definition of general ledger to Facebook Facebook Share the Definition of general ledger on Twitter Twitter Love...
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That part of the accounting system which contains the balance sheet and income statement accounts used for recording transactions. Related Q&A What is a general ledger account? What is the difference between entries in a general journal versus a general ledger? What is a general ledger? What is...
As journal entries are a crucial part of the accounting system, tracking them is important. To track journal entries, you can use T-accounts. A T-account is a graphical representation that looks like a general ledger and helps companies record and track journal entries easily. Q3. What are ...
General ledgers have the columns of date, description, debit and credit amount. The description could be an expense, revenue, liability, asset or equity entry. What is a general ledger with example? There are many examples of a general ledger as they record every financial transaction of a fi...
General ledger The main accounting record of a company or organization. The accountant updates the general ledger every month. 3 General strike A strike involving all workers in a particular geographic location or industry. The union called for a general strike to demand better wages. ...
A slush fund is a sum of money that is set aside as areserve. In accounting, a slush fund is ageneral ledgeraccount ofcommingled fundsthat does not have a designated purpose. In more sinister cases, a slush fund may be used as a so-called “black fund,” which is unaccounted for and...
General Ledger (G/L) What Is a General Ledger? A general Ledger is the complete record of a company’s financial data over a period of time, documenting changes to assets, liabilities, equity, expenses and revenue, with debit and credit account records validated by a trial balance. It...
What is the definition of Lecturer. Definition of Lecturer is a public lecturer at certain universities.Browse Dictionary lagality learingly lectureship ledge ledger ledgy lee leech leeck leer lees leftist leftward leftwards legacy legal legalism legalist legalize legalizti...
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