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 ...
A company's business transactions are recorded to a general ledger for financial reporting and analysis purposes. There are several advantages to immediately updating a general ledger account. Current ...
The general ledger is a vast historical data archive of your company’s financial activities, including revenue, expenses, adjustments, account balances, and often much more. The detailed transactions ...
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