What Is Another Word For General Ledger. General Ledger What Is A General Ledger. A debit is an accounting entry that increases an asset or expense account and decreases a liabilities or.
Rephrased: every debit on one account has a credit on another. The general ledger definition may include a physical or digital record of such information, potentially embedded in a more sophisticated system of What is GL in the context of accounting? It is the same concept as using a table in Microsoft Word, but it will keep all.
A general ledger generally contains the accounts of assets,liability,capital, expense and Income.
In that situation all of the detail that.
A ledger is a book or collection of accounts in which account transactions are recorded. Another important element of the general ledger reconciliation is the trial balance, which is simply comparing the sum of all debits with the sum of all credits. Definitions for general ledger gen·er·al ledger.