General ledger

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Querist : Anonymous (Querist)
17 June 2015 Hi Everyone,

What is Genral Ledger & Genral Ledger Reconcilation?

17 June 2015 A general ledger is a complete record of financial transactions over the life of a company. The ledger holds account information that is needed to prepare financial statements, and includes accounts for assets, liabilities, owners' equity, revenues and expenses.

17 June 2015 General Ledger Reconciliation is the process performed by accountants to verify the integrity of account balances on the company's general ledger of accounts


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