What is General Ledger
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Answer Posted / sunil kumar malla
General Ledger severs as the central respository & ultimate
destination of all corporate finacial information.
Def: Function of GL is to collect finacial information into
a chart of acconts (i.e a/c's defined by company for
recording transactions that takes place).
Using GL Management & Financial reports are perpared to
view the financial status of the company at any point of
time.
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