December 2020

How a General Ledger Works With Double-Entry Accounting Along With Examples

The general ledger then becomes the fundamental record source to create the financial statements of a business. Another common use of sub-ledger accounts is to divide large ledger accounts into several sub-accounts. This way, a business can easily manage large accounts by categorizing them into relevant sub-categories. Basically, a ledger is where all journal entries are being summed up with the...

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