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What is General ledger?

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Question ajoutée par Mohamed El Machichi , Purchase Manager , Berkat Madinah Trading Sdn.Bhd
Date de publication: 2013/06/28
Maimoona Moidu
par Maimoona Moidu , ADMITTING STAFF , WOMENS HOSPITAL

A general ledger is a complete record of financial transactions over the life of a company.
Ledger is also known as Books of Final Entry.

Is a major expense for several sub-accounts to help so that the score is the sum of the balances of these accounts to help.

ابراهيم بالحمر
par ابراهيم بالحمر , خدمة عملاء , Zain

to prepare trail balance

Ghulam Mustafa
par Ghulam Mustafa , Finance Manager , Al Hamli Group of Companies

Contains all the accounts for recording transactions relating to a company's assets, liabilities, owners' equity, revenue, and expenses.
The general ledger should include the date, description and balance or total amount for each account.
It is usually divided into at least seven main categories.
These categories generally include assets, liabilities, owner's equity, revenue, expenses, gains and losses.
The main categories of the general ledger may be further subdivided into sub ledgers to include additional details of such accounts as cash, accounts receivable, accounts payable, etc.
Because each bookkeeping entry debits one account and credits another account in an equal amount, the double-entry bookkeeping system helps ensure that the general ledger is always in balance, thus maintaining the accounting equation

MUHAMMAD SHABAN AFZAL
par MUHAMMAD SHABAN AFZAL , Accounts Executive , Orient House General Trading LLC

A general ledger (GL) is a chronological accounting record a business uses to keep track of financial transactions.
Transactions are categorized and summarized into accounts.
An account is a unique record for each type of asset, liability, equity, revenue and expense.
The number and type of accounts that make up the general ledger is determined by the chart of accounts (COA).
The general ledger is the primary component of most financial accounting software applications.
It can be thought of as an electronic database that provides the data required to build financial reports.
General ledger is at the core of any enterprise resource planning (ERP) financial management system, which encompasses the functions that are required to maintain one or more sets of books, generate financial reports, manage cash and fixed assets and execute payment and receivable transactions.

Musa Muhammad Dandikko
par Musa Muhammad Dandikko , Ag. Head of Procurement , Federal College of Education, Katsina

The general Ledger otherwise known as the Nominal Ledger is the Ledger containing both the nominal accounts and  the real accounts necessary to prepare the final accounts of a company. This Ledger is distingishable from the personal ledgers such as the debtors/creditors ledgers which contain the accounts of customers and suppliers respectively.

Gabr Yassen
par Gabr Yassen , محاسب مالي , كايرو تريد

General ledger is a record that shows financial transactions & purchases & sales &accounts receivable & accounts payable

General ledger consists of : date of transaction and the amount of transaction and the Balance that is Debit or Credit 

MALIIK SOHAIL ABBAS
par MALIIK SOHAIL ABBAS , ACCOUNTS MANAGER , AL RAWDAH GREEN SWEET WATER

General ledger is a chronolgical record of all financial transations like Purchases , Sales , returns , direct expenses , indirect expenses , Income , Retained Earning , capital , libilities , assets , profit ,

General ledger.

Mohan Cherian
par Mohan Cherian , Senior Accountant , First Bateel General Trading & Contracting Co. (Al Roumi Group )

General Ledger is accounting sub book of all the accounts other that cash book, bank book, petty cash book, purchase and return register & sales and returns register.  

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