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G/L account

Former Member
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What is G/L account? Why is it used?

5 REPLIES 5

Former Member
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G/L account is the statement of account which will have both debit and credit entries to left and right.It is created to c account the expenses,income,record asset or record liability.It is defined in COA(chart of accounts).

Former Member
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some info

) Financial Accounting (FI)

A structure that records value movements in a company code and represents the G/L account items in a chart of accounts.

A G/L account has transaction figures that record changes to the account during a posting period. These figures are totals that are used for G/L reporting.

Former Member
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Hi,

Check this link

http://www.copacustomhelp.state.pa.us/infopak/nav/finance/general%20ledger/index.htm

Please rewar points if helpful

rgrds

shazia

Former Member
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t

graghavendra_sharma
Contributor
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