Discover how general ledgers and general journals work together in double-entry bookkeeping to track financial data accurately and efficiently for your business.

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 cashbook and ledger enjoy what can be considered a confusing relationship because the cashbook actually serves as a ledger. In companies that handle a large amount of cash debit and credit ...