general ledger
Definition
Central repository of the accounting information of an organization in which the summaries of all financial transactions (culled from subsidiary ledgers) during an accounting period are recorded. Also called the book of final entry, it provides the entire data for preparing financial statements for the organization.
general ledger is in the Accounting & Auditing subject.
general ledger appears in the definitions of the following terms:
posting key,
reconciliation account,
capital account,
audit trail,
augmented product,
accounting cycle,
trial balance,
subsidiary ledger,
cash short and over account,
journal
and
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