Learn how a general ledger supports double-entry accounting, compiling vital transaction data for accurate financial ...

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 ...

The general ledger includes a small company's business accounts and all transactions that affect these accounts. Business transactions posted to the general ledger are recorded through journal entries ...

An accounts receivable subsidiary ledger shows the transaction and payment history of each customer to whom the business ...