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What is General Ledger ? Why is it used

Answer Posted / mohammed arif zia

This is a book of separate accounts of each item being
involved in the business either tangible or intangible. It
has each and every transactional activity recorded in it
under the concerned account which always show a balancing
figure either debit or credit which may later be squared up
by adjusting entries. It is More useful in Double Entry
System of accounting.

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