- *accounts used as the foundation for preparation of *financial statements. The general ledger contains accounts for *assets, liabilities, *equity, *revenue, and *expenditure, and the accounts are traditionally analyzed into a *trial balance en route to the preparation of financial statements. Some accounting transactions may be recorded in *subsidiary ledgers prior to their transfer to a general ledger account.
Auditor's dictionary. 2014.
Look at other dictionaries:
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