Assertion: general ledger's account | /r/HasProperty | balanced
Facets:
value: always
type: DEGREE
Source sentences:
text: To know the net effect of all the business transactions recorded in the ledger account, the accounts need to be balanced.
text: The lookup will include all currencies that were posted within the date range relevant for the type of main account (Balance sheet or Profit and loss), for the legal entities selected to revalue.
text: Chart of accounts segment in general ledger master area contains data that is valid for all company codes, such as the account number, determines whether the account is a balance sheet or a profit and loss account.
text: These three accounts — Cash, Accounts Receivable, and Accounts Payable — are part of the balance sheet.
text: Answer : To know the net effect of all the business transactions recorded in the ledger account, the accounts need to be balanced.
text: Both accounts are always equal and balanced, thus adhering to the accounting equation that: