Introduction to General Ledger?

Answer A company's general ledger is a detailed listing of every business transaction. The amount of information input into the general ledger will depend on the business owner's preferences as well as th... Read More »

Top Q&A For: Introduction to General Ledger

Difference Between a General Journal & General Ledger in Accounting?

Accountants use different tools when recording and reporting a company's financial transactions. Two of the most common tools are the general journal and general ledger. Most -- if not all -- compa... Read More »

What is a general ledger used for?

A general ledger is one of the two principal ways of organizing business transactions. The first is a journal, which lists accounts by time. The second is the general ledger, which organizes inform... Read More »

How to Understand the General Ledger?

Within the Accounting Department of a business, the general ledger is an important component. Records of the company’s accounts are stored in the general ledger. Included are accounts for curren... Read More »

How to Maintain a General Ledger?

A general ledger acts as a summary of financial information about a company. The purpose of a general ledger is to show current balances in key areas. A general ledger should have four basic sectio... Read More »