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What is the used of general ledger in preparation of financial statement?

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Question added by Rodelio Oandasan , Accountant , Master and Tailor
Date Posted: 2017/12/01
Muralidhar D R
by Muralidhar D R , Manager Finance and Accounts , Reliance Communication Infra Ltd

The ledger provides a complete record of financial transactions over the life of the compamy. The GL holds account information that is needed to prepare financial statements and includes accounts for assets, liabilities, owners' equity, revenues and expenses.