Interested to Buy Any Domain ? << Click Here >> for more details...
What is General Ledger
- 17 Answers
- 27304 Views
- Accenture, Bank Exams, OMO, Scope International, I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What goals do you have in your career
If income and expense both are equal then what it depicts
Is depreciation a expense or income?
what is cost audit?
HOW MUCH LATEST ACCOUNTING STANDARDS , TDS RATE , INCOME TAX RATE, EXCISE , VAT , SERVICE TAX & FBT RATES? (PLS. ARRANGE TO SEND THE RATES FOR ABOVE IN CATAGORY & LIMIT WISE)
1.explain the accounting concepts ? 2.what are the objectives of preparing a trail balance ?
cash sales and credit sales both are asset or liability?
Three steps for correction in BRS?
How to make an adjustment entry for the variation of physical asset Vs book value of asset. For example: As per asset register there are 1000 computers where as 950 computers are available in stores. How to make an adjustment entries for the difference of 50 quantities?
in case dedit balance of solvent partner and in case credit balance of insolvent partner what i do for accounting on dissolution of partnershio firm give me ans. as per garrner v/s murry rule
what is mean by traditional accounting ?
While posting of FB50 entry therE showing errro msg " NOT ASSIGN COMPANY CODE OR CALCULATION PROCEDURE"
Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance
how to entry in tally for other person check received
what is meant by transposition error
