| Accounting terms Accounting articles Accounting news |
Go back
| Accounting term: | General Ledger |
| Acronym: | G/L |
| Definition: | A record to which monetary transactions are posted (in the form of debits and credits) from a journal. It is the final record from which financial statements are prepared. General ledger accounts are often control accounts which report totals of details included in subsidiary ledgers. |
| Related terms: | |
| Rate it: |
|
Accounting terms by letter:
0 comments so far (post your own)