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What Is Recorded In The Nominal Ledger?

January 24, 2024 by Jasmine Sibley

What Is Recorded In The Nominal Ledger? The nominal ledger is the main place where your business records financial transactions. It contains a record of all the payments, expenses, and assets of the business, while also containing all the information you need to compile financial reports like profit and loss and the balance sheet. What

What Is Another Name For General Ledger?

January 24, 2024 by Jasmine Sibley

What Is Another Name For General Ledger? In bookkeeping, a general ledger, also known as a nominal ledger, is a bookkeeping ledger in which accounting data is posted from journals and from subledgers, such as accounts payable, accounts receivable, cash management, fixed assets, purchasing and projects. What is another name for a ledger? journalrecord balance