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Answer Posted / sadiq ahmed
Also commonly referred to as an accounting ledger, a
general ledger is a primary accounting record used by a
business to keep track of all the financial transactions
the company makes. All financial transactions, debits and
credits, are recorded, or "posted," in the general ledger,
regardless of whether or not they also post to a subsidiary
ledger (sub-ledger), such as accounts receivable or cash.
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