The general ledger is also known as the main or nominal ledger, because it holds both sides of double-entry transactions. In contrast, the purchase and sales ledgers are called subsidiary ledgers ...
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What is general ledger accounting?
Maintaining a general ledger helps you gauge a business's financial health and avoid accounting mistakes. Learn what a ...
General ledger records each transaction both as a debit and a credit, ensuring balance. Understanding the general ledger aids in interpreting financial statements like balance sheets. Investors can ...
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