A general ledger is a group of accounts that share a common characteristic such as accounts receivable but have additional details.

Name: A general ledger is a group of accounts that share a common characteristic such as accounts receivable but have additional details.
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A general ledger is a complete record of all financial transactions of a company, not just a group of accounts with a common characteristic. It includes all accounts such as assets, liabilities, equity, revenue, and expenses.

A General Ledger Is a Group of Accounts That Share