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What is a general ledger

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Question - What is a general ledger? What do these words mean in accounting terms? Conduct independent research if necessary.

How do you transfer transactions from a journal to the general ledger?

Credits/ creditor.

Debits/ debtor.

What is the effect of a debit under the following circumstances?

A debit transaction has what effect on an organisation's expense accounts?

A debit transaction has what effect on an organisation's liability?

Reference no: EM132986374

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