General Ledger - What is general ledger with an example?

Q: What is general ledger with an example?

Examples of General Ledger Accounts asset accounts such as Cash, Accounts Receivable, Inventory, Investments, Land, and Equipment. liability accounts including Notes Payable, Accounts Payable, Accrued Expenses Payable, and Customer Deposits.

Answer

Asset accounts including Cash, Receivables, Inventory, Investments, Land, and Equipment are examples of general ledger accounts. account for liabilities, including as receivables, accounts payable, accrued expenses payable, and deposits from customers.

General Ledger - What is general ledger with an example?

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