Assertion: general ledger | /r/HasProperty | the set of master accounts
Facets:
Source sentences:
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: While the general ledger is a master record, there are other types of ledgers used in accounting to detail specific accounts or expand recordkeeping in complex organizations.
text: The combined account balance of a subsidiary ledgers brought in a single account of general ledger called control account or master account.
text: A general ledger is the master set of accounts that summarize all transactions occurring within an entity.
text: The general ledger is a master accounting document providing a complete record of all the financial transactions of your business.
text: General Ledger vs Sub Ledger General ledger is the set of master accounts where transactions are recorded.