Assertion: general ledger's transaction | /r/HasProperty | recorded
Facets:
value: outside
type: LOCATION
value: accurately
type: MANNER
value: based on those accounts
type: OTHER
value: originally
type: MANNER
value: improperly
type: MANNER
Source sentences:
text: The general ledger serves as a repository for every transaction that is recorded, and is a must for any business using double-entry accounting.
text: If the account totals are not equal, you can look for the error in either the ledger or the journal where a transaction was originally recorded.
text: All financial transactions, debits and credits, are recorded, or "posted," in the general ledger, regardless of whether or not they also post to a subsidiary ledger (sub-ledger), such as accounts receivable or cash.
text: The general ledger is the principal set of accounts where all financial transactions are recorded General ledger contain all debit and credit entries of transaction and entry for same is done in different account mainly there are five types of accounts assets, liabilities, equity, income, and expense.
text: The general ledger is a set of master accounts where transactions are recorded.
text: The general ledger is the principal set of accounts where all financial transactions are recorded General ledger contain all debit and credit entries of transaction and entry for same is done in different account mainly there are five types of accounts assets, liabilities, equity, income, and expense.
text: GL is a set of master accounts where transactions are recorded whereas Sub-ledger is an intermediary set of accounts linked to the SL.
text: The transactions of a business in general ledger accounting end up in double-entry bookkeeping record where each transaction is recorded twice.
text: The key difference between general ledger and sub ledger is that while general ledger is the set of master accounts where transactions are recorded, sub ledger is an intermediary set of accounts that are linked to the general ledger.
text: This is the principal set of accounts where all transactions conducted within the financial year are recorded.
text: General Ledger vs Sub Ledger General ledger is the set of master accounts where transactions are recorded.
text: For example, if you are performing a general ledger account analysis on an expense account and you notice sales income has been recorded in the account, that transaction has been recorded improperly and needs to be moved to the correct general ledger account.
text: Thus, the general journal is where those transactions are first recorded that are not being stored in a subject-specific journal, while the general ledger stores the summary-level information from each of the journals.
text: The general ledger is the principal set of accounts where all transactions conducted within the financial year are recorded.
text: If all the transactions for an accounting period are accurately recorded, the sum of the debit balances of the trial balance should be equal to the sum of the credit balances.
text: The journal is where the transactions are first recorded.
text: After this transaction is recorded and posted, the journal entry would look like:
text: The General Journal is a book in which all the financial transactions will be recorded for the very 1st time and when these financial transactions are recorded or say are entered in the general journal, then they will be posted into individual accounts which we called as General Ledger.
text: To the contrary, in the general ledger, the financial transactions are to be recorded based on those accounts.
text: The book in which all the financial transactions that are recorded, as and when they occur is known as the General Journal.
text: The detailed financial transactions are recorded using a double-entry bookkeeping system, meaning that one of the accounts will be debited and another account related to the transaction will be credited.
text: This is the principal set of accounts where all transactions conducted within the financial year are recorded.
text: The bookkeeping entry rule sees to it that there is a corresponding entry for debit and credit whenever a transaction is recorded.
text: Since hundreds and thousands of such participants maintain a copy of the ledger, everyone knows the true state of the network in terms of who holds how many cryptotokens, what transactions are authentic to be recorded, and prevent any misuse like double spending.
text: Daily transactions and totals are recorded outside and posted in the general ledger.
text: A basis of accounting can be defined as the time various financial transactions are recorded.