The general ledger is also known as the main or nominal ledger, because it holds both sides of double-entry transactions. In contrast, the purchase and sales ledgers are called subsidiary ledgers ...
Brex reports T-accounts as essential visual tools in accounting that clarify how transactions impact debits and credits, ensuring balance in financial records.
General ledger codes are numerals you assign to different debit or credit entries to make accounting easier and more functional. By assigning numerals to different types of payables or receivables, ...
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