General Ledger

What Does General Ledger Mean?
A company's accounting records. This formal ledger contains all the financial accounts and statements of a business.

Investopedia explains General Ledger
The ledger uses two columns: one records debits, the other has offsetting credits.

Related Terms

Account Reconcilement
Accounting
Audit
Cook The Books
Credit
Debit
eXtensive Business Reporting Language - XBRL
Generally Accepted Accounting Principles - GAAP
Settlement Date Accounting
Trial Balance
More Related Terms

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