General ledger and balance sheet

The ending balances in these accounts are then aggregated and reported in the balance sheet and i...

Link to Balance Sheet and Income Statement ... As a General Ledger (GL) records all of the transa...

Amount of information. The general ledger contains the detailed transactions comprising all accou...

▻ Expenses—activities and services conducted that reduce funds. Assets, liabilities, and net asse...

The general ledger is used as a data source for other financial documents, including the balance ...