A general ledger benefits people in business by enabling them to research and find out any financial recording discrepancies. It also enables business people to id… See more

During the auditing process, people in business can use the general ledger to help … See more

You can also use the general ledger in the budget preparation process. The ledger contains the business’s income and expenses, which can be used in the budget formulation … See more

A business person should use a general ledger template to ensure that the information logged into the ledger is consistent and can be easily updated. In addition, a … See more