Chart of accounts (CoA): A list of every account in the general ledger, somewhat comparable to a table of contents. Journal entry: The record of a single transaction. Why do companies use general ...

T-shaped table. The bookkeeper typically places the account title at the top of the "T" and records debit entries on the left side and credit entries on the right. The general ledger sometimes ...

The table below is a simple example of what a double-entry general ledger may look like. The transaction details contained in the general ledger are compiled and summarized at various levels to ...

Create a General Ledger in Excel from General Journal data Your email has been sent Many businesses keep a journal of their daily transactions, called the General Journal. The General Journal ...