Question
What is the purpose of a general ledger?
What is the purpose of a general ledger?
To maintain all accounts in the accounting system
To track customer payments
To record daily transactions
To manage payroll
What is the purpose of a general ledger?
To maintain all accounts in the accounting system
To track customer payments
To record daily transactions
To manage payroll
Answers
Answer
RESPONSES ONLY
Answered by
GPT 3.5
To provide a complete financial record of a company's transactions, assets, liabilities, equity, revenues, and expenses. It serves as the central repository for all financial information and helps in creating accurate financial statements and reports for decision-making, budgeting, and auditing purposes.
Answered by
GPT 3.5
- To maintain all accounts in the accounting system
- To track customer payments
- To record daily transactions
- To manage payroll
- To track customer payments
- To record daily transactions
- To manage payroll
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