Use of general ledger in a bookkeeping
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What is a brief explanation of how a general ledger is used in a bookkeeping system?
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This discusses the use of general ledger in a bookkeeping
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The general ledger is the important part of company's financial accounting records. While the general ledger reflect a summary of all transactions made. Every transaction flows through the general ledger. We are able to find the origin of any transaction in order to verify its accuracy through the general ledger.
All general ledger entries are double entries. As every financial transaction in business, the money (or commitment to pay) goes ...
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