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 ...

Maintaining a general ledger helps you gauge a business's financial health and avoid accounting mistakes. Learn what a ...

The general ledger is the heart of a business's accounting records. The general ledger contains records for each account in the company's chart of accounts, and the general ledger accounts are usually ...