1
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.
From India , Pune
From India , Pune
This discussion thread is old and is closed for new comments. If you want to continue this discussion or have a follow up question, please post a new thread. Add the url of this thread if you want to cite this discussion.
#Subject List: profit and loss City-India-Pune Country-India
General Knowledge and Current Affairs Questions.doc
Calculation of General provident Fund for Teacher .xls
