What is the definition of General Ledger? A general ledger speaks to the record-keeping with a framework for monetary information with debit and credit account records approved by a trial balance. The general ledger speaks gives a record of each monetary exchange that happens during the life of a working organization. The general ledger speaks holds account [...]
Profit & Loss statement - PL statement - is one of the three financial statements used to survey an organization's exhibition and financial position. The two others are the balance sheet and the cash flow statement. It is regularly the most mainstream and common financial statement in a business strategy as it shows how much profit and[...]