general ledger

Definition of "general ledger"
  1. A record, either in a book or computer file, where all business accounting entries are logged following the double-entry method
How to use "general ledger" in a sentence
  1. The general ledger revealed a discrepancy in the company's finances.
  2. The accountant is reviewing the general ledger to ensure all transactions have been recorded accurately.
  3. Every financial transaction for the business should be documented in the general ledger.

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