Accounting for IGCSE & O level - The Fundamentals Of Accounting (Section 29 - No. 17)
What is the main purpose of a general ledger?
To provide a detailed record of every transaction.
To provide detailed information on cash transactions only.
To summarize and categorize all financial transactions.
To record the initial transactions.
Explanation
The general ledger is the main record-keeping system for a company.
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