Definitions
There is 1 meaning of the phrase
General Ledger.
General Ledger - as a noun
The ledger that contains all of the financial accounts of a business; contains offsetting debit and credit accounts (including control accounts)
Example Sentences
"The accountant recorded all the financial transactions in the general ledger."
"The general ledger provides a complete record of a company's financial activity."
"It is essential to reconcile the general ledger with the bank statements regularly."
"The general ledger allows management to analyze the company's financial performance."
"Each account has a designated section in the general ledger."
