Do You Know What Is A General Ledger Account?

1.	Do You Know What Is A General Ledger Account?
Answer» A general ledger account is an account or RECORD used to sort and store balance sheet and INCOME STATEMENT transactions. Examples of general ledger accounts include: The ASSET accounts such as Cash, Accounts Receivable, Inventory, Investments, Land and Equipment. A general ledger account is an account or record used to sort and store balance sheet and income statement transactions. Examples of general ledger accounts include: The asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land and Equipment.

Answer»

A general ledger account is an account or RECORD used to sort and store balance sheet and INCOME STATEMENT transactions.

Examples of general ledger accounts include:

The ASSET accounts such as Cash, Accounts Receivable, Inventory, Investments, Land and Equipment.

A general ledger account is an account or record used to sort and store balance sheet and income statement transactions.

Examples of general ledger accounts include:

The asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land and Equipment.

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