Accounting for IGCSE & O level - Accounting Procedures (Section 24 - No. 1)
What is the role of the general ledger?
To provide information about the daily transactions.
To list all the errors that have been made.
To provide a summary of the company's assets, liabilities, and equity.
To organize the transactions made on a regular basis.
Explanation
The general ledger shows a summary of the financial position.
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