What is General Ledger
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Answer Posted / hemanth.n.s
The general ledger, sometimes known as the nominal ledger,
is the main accounting record of a business which uses
double-entry bookkeeping. It will usually include accounts
for such items as current assets, fixed assets,
liabilities, revenue and expense items, gains and losses.
The general ledger is a summary of all of the transactions
that occur in the company. It is built up by posting
transactions recorded in the general journal.
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