general ledger Definition

general ledger

Definition

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

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Related Terms

chart of accounts -

nonledger asset - More

general fund - More

ledger cash

adjusted trial balance

income tax payable

Related Terms on BusinessDictionary

subsidiary ledger
trial balance
posting key
reconciliation account
accounting cycle
audit trail
augmented product

capital account
cash book
cash short and over account
control account
journalizing
journal

Popular 'Accounting' Terms

current ratio
equity
working capital
asset
EBITDA

revenue
net income
negotiable
net profit
net worth

general ledger in the news

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general ledger is ...

... part of the Accounting subject.

Nearby Terms

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