The general ledger is also known as the main or nominal ledger, ... For example, an invoice of $500 for printer paper will be analyzed to the general ledger stationery account.

No, a general ledger and a general journal are not the same. While they are both involved in recording transactions, the general journal records raw data of business transactions, sequentially.

Go to the next line, and enter the general ledger account number for "revenue." Go to the column labeled "credit," and enter the amount of cash received from customers for the week a second time.

A journal entry is used to record an accounting transaction in the general ledger. Workday Finance replaced Financial Edge as our general ledger system effective January 1, 2024. Please note that ...