General ledger

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Querist : Anonymous (Querist)

17 June 2015 Hi Everyone,

What is Genral Ledger & Genral Ledger Reconcilation?

Arpit Shah

Arpit Shah (Expert)
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17 June 2015 A general ledger is a complete record of financial transactions over the life of a company. The ledger holds account information that is needed to prepare financial statements, and includes accounts for assets, liabilities, owners' equity, revenues and expenses.

Arpit Shah

Arpit Shah (Expert)
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17 June 2015 General Ledger Reconciliation is the process performed by accountants to verify the integrity of account balances on the company's general ledger of accounts

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