What is General Ledger
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Answer / spsiva.mba.
General Ledger consists of all accounts other than
creditors account and debitors account.Accounts of owners
expenses, income, capital, drawings will be found in this
book. It may also called "Impersonal Ledger".
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Answer / srilatha
general ledger is afinancial accounts expences.
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Answer / amit
three types of general ledger 1.sundry debtors 2.sundry
creditors 3. all ledger like: cash, bank, assets
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Answer / mohammedghousemohiuddin
General ledger is the end balances of books of accounts
by
mohammedghousemohiuddin
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Answer / joseph uvo
General ledger is an accounting book that show the
finacial record of a company and transaction flows of an
aganisation.these include assest liabilities owner's
equity revenue and expenses.
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Answer / sunil kumar malla
General Ledger severs as the central respository & ultimate
destination of all corporate finacial information.
Def: Function of GL is to collect finacial information into
a chart of acconts (i.e a/c's defined by company for
recording transactions that takes place).
Using GL Management & Financial reports are perpared to
view the financial status of the company at any point of
time.
| Is This Answer Correct ? | 2 Yes | 4 No |
Answer / nagri sanjay
General ledger is the book in which we open a specified
accounts which are heavily in the business.example the
specified accunts are
suppier accounts
customers accunts
incomes accruals
expense accruals
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