Financial Accounting
Tutorial 2
, General Ledger Account
A general ledger is a primary accounting record of a company that uses
the double entry system. It is divided into two sections: debit and credit.
It contains all the accounts for recording transactions relating to an entity’s
assets, liabilities, owner’s equity, income and expenses
All the transactions that took place in the journals are then recorded in the
general ledger
Each general ledger account is a unique record summarizing each type of
asset, liability , equity, income and expense.
Tutorial 2
, General Ledger Account
A general ledger is a primary accounting record of a company that uses
the double entry system. It is divided into two sections: debit and credit.
It contains all the accounts for recording transactions relating to an entity’s
assets, liabilities, owner’s equity, income and expenses
All the transactions that took place in the journals are then recorded in the
general ledger
Each general ledger account is a unique record summarizing each type of
asset, liability , equity, income and expense.
