How a General Ledger Works With Double-Entry Accounting Along With Examples
21/02/2022
These are typically reported on the left-hand side of your company’s balance sheet. Thus, you get an understanding of your company’s position with regards to debtors, creditors, expenses, revenues, incomes, etc. For example, the outstanding payments against suppliers, payments to be collected from customers, etc. Furthermore, at the end of the accounting period, you close