What is General Ledger
Answer Posted / hemanth.n.s
The general ledger, sometimes known as the nominal ledger,
is the main accounting record of a business which uses
double-entry bookkeeping. It will usually include accounts
for such items as current assets, fixed assets,
liabilities, revenue and expense items, gains and losses.
The general ledger is a summary of all of the transactions
that occur in the company. It is built up by posting
transactions recorded in the general journal.
Is This Answer Correct ? | 14 Yes | 0 No |
Post New Answer View All Answers
define holding company,public company, if the compnay be a public company what will the criteria? asked on 30/7/09
What is the defination of job costing, batch costing and contract costing?
what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?
npa is either person or account
what is an advance against expenses
Name some errors which can be detected by Trial Balance
outstanding expenses, prepaid or unexpired expenses
What are the accounting conventions and Practices?
what is GL Balance
Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar
what are the purpose for the preparation of cost centre ?
1.tell about urself? 2.wt is BRS? 3.VAT? 4.Golden principle of accounting?
Short answer on____________Assessment Year
what is sales life cycle???
How & When We Calculate Deffered Tax... Please Give me Some Example.?