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General Ledger
A general ledger brings together transaction totals from accounting journals and organizes them by account.
A general ledger brings together transaction totals from accounting journals and organizes them by account. It provides an account-based view of the recorded financial activity.
Property operations example: review a maintenance expense account for the reporting period, then trace an entry to its underlying journal and supporting invoice when investigating a question.
Frequently Asked Questions
How does a ledger differ from a journal?
A journal records individual transactions. A ledger brings the journal totals together in separate accounts.
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