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Please Tell Me What Is A General Ledger? |
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Answer» 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. 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. |
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