Answers.com > Wiki Answers > Categories > Business & Finance > Business and Industry > Business Accounting and Bookkeeping > Accounts Payable > What are general ledger accounts?

Other contributors have said "What accounts are on general ledger?" is the same question as "What are general ledger accounts?" If you believe that these are not asking the same thing and should be answered differently, click here

What are general ledger accounts?

In: Accounts Payable [Edit categories]

Answer:

he general ledger is a collection of the firm's accounts. While the general journal is organized as a chronological record of transactions, the ledger is organized by account. In casual use the accounts of the general ledger often take the form of simple two-column T-accounts. In the formal records of the company they may contain a third or fourth column to display the account balance after each posting.

First answer by ID1975599820. Last edit by Mehbub.m. Contributor trust: 0 [recommend contributor ]. Question popularity: 3 [recommend question].

[report abuse]

Can you answer these Accounts Payable questions?

	How does current assets and current liabilities work together?	Answer it!
	What is debit and credit in accounting for the Balance Sheet?	Answer it!
	What are accounts payable review goals?	Answer it!
	What is consider a delinquent account in account receivable?	Answer it!
	Why can goodwill become a waisting asset?	Answer it!