General ledger can be considered as the second book of entry. Genereally whenver business involve in any monetary related transaction, then a separate book called "Journal book" use to record those transaction, but as the business is having end number of transactions everyday, and it's not possible retrieve the particular information whenvever required. So for almost each type of account, a separate book called ledger need to use to post all the entries from journal which makes easy for a company to get all information about any account at one-shot.
General Ledger is nothing but separate book in which we created the various
A/cs like revenue expenses come under various head of A/c, personal A/c,
Creditors and debtors. It is helpful to prepare Trail Balance and then Trading
and Profit and loss A/c and Balance sheet.
General Ledger is a chart of accounts where all the transactions are recorded and balance of books will be used to prepare financial statements to know the company results
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