general ledger - Meaning in Malayalam
general ledger - Meaning in Malayalam
noun
- -1
Definitions and Meaning of general ledger in English
general ledger noun
- the ledger that contains all of the financial accounts of a business; contains offsetting debit and credit accounts (including control accounts)
Description
In bookkeeping, a general ledger is a bookkeeping ledger in which accounting data are posted from journals and aggregated from subledgers, such as accounts payable, accounts receivable, cash management, fixed assets, purchasing and projects. A general ledger may be maintained on paper, on a computer, or in the cloud. A ledger account is created for each account in the chart of accounts for an organization and is classified into account categories, such as income, expense, assets, liabilities, and equity; the collection of all these accounts is known as the general ledger. The general ledger holds financial and non-financial data for an organization. Each account in the general ledger consists of one or more pages. An organization's statement of financial position and the income statement are both derived from income and expense account categories in the general ledger.
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The word or phrase general ledger refers to the ledger that contains all of the financial accounts of a business; contains offsetting debit and credit accounts (including control accounts). See general ledger meaning in Malayalam, general ledger definition, translation and meaning of general ledger in Malayalam. Learn and practice the pronunciation of general ledger. Find the answer of what is the meaning of general ledger in Malayalam.
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