What is a General Ledger?
The general ledger, sometimes referred to as the ‘nominal ledger’ is the main accounting record of a business. It is a group of accounts that makes up the Trial Balance and ultimately supports the value of items shown in the business’ financial statements.
All financial transactions are accounted for in the general ledger which provides a trail which enables the user to trace the origin of a transaction and verify its accuracy and correct posting.
Brooklyn Cox is an emerging webmaster with a tendency to enjoy small blessings in everyday life. As a writer, she appreciates any resources that provide expert guidance in The Online Local Bookkeeping in Stroud, Part time bookkeeper Stroud, The Online Bookkeeper Service Stroud, Outsource entire finance & accounts department Stroud.
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The general ledger, sometimes referred to as the ‘nominal ledger’ is the main accounting record of a business. It is a group of accounts that makes up the Trial Balance and ultimately supports the value of items shown in the business’ financial statements.
All financial transactions are accounted for in the general ledger which provides a trail which enables the user to trace the origin of a transaction and verify its accuracy and correct posting.
Brooklyn Cox is an emerging webmaster with a tendency to enjoy small blessings in everyday life. As a writer, she appreciates any resources that provide expert guidance in The Online Local Bookkeeping in Stroud, Part time bookkeeper Stroud, The Online Bookkeeper Service Stroud, Outsource entire finance & accounts department Stroud.
Read Original Story
Like on facebook this story, Tweet this story
Facebook | Linkedin | Twitter | Friendfeed