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Manufacturing Accounts - Income Statement - Balance Sheet - Trading Account - English
Fema 120 C Answers Quizlet
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General ledger account or ERP , the general ledger works as a central repository for accounting data transferred from all subledgers or modules like accounts payable, accounts receivable, cash management, fixed assets, purchasing and projects. The general ledger is the backbone of any accounting system which holds financial and non-financial data for an organization. Each account is known as a ledger account. In a manual or non-computerized system this may be a large book. The statement of financial position and the statement of income and comprehensive income are both derived from the general ledger. The general ledger is where posting to the accounts occurs.
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