general ledger

Definition

A book of final entry summarizing all of a company's financial transactions, through offsetting debit and credit accounts.

Use general ledger in a sentence

At the end of the year, the CEO always request a general ledger from his business office so he may see his year in review.

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The accounting team posted the quarter end transactions to the general ledger just before the midnight deadline on March 31st.

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It is common for business owners to keep a general ledger which represents all of the financial transactions that a company makes.

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adjusted trial balance chart of accounts