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The Corporate Finance Institute Accounting
General Ledger
To learn more, please The general ledger serves as the eyes and ears of bookkeepers and
check out our free online accountants and show all financial transactions that have occurred
accounting courses within a business. Essentially, it is a huge compilation of all transactions
within a company recorded on a specific document or accounting
View courses software, which is the predominant method nowadays. For example, if
you want to see how cash has changed over the course of the business
and all its relevant transactions, you would look at the general ledger,
which shows all the debits and credits of cash. Although all of this was
done on paper back in the day, many companies today use accounting
software such as QuickBooks, Sage, or Simply Accounting to easily
maintain their ledgers.
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