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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.
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
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.
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.