A general ledger is an accounting record book in which you maintain a record of transactions for each of your company's accounts. The source of information for each transaction is typically your ...

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 ...

General ledger records each transaction both as a debit and a credit, ensuring balance. Understanding the general ledger aids in interpreting financial statements like balance sheets. Investors can ...