The General Ledger is just that, but General Accounting Ledger of the
company, the numbers on which the financial statements are based. A
ledger is simply a generic term for a group of accounts. So, there is
an accounts receivable ledger, an accounts payable ledger, etc. These
are also called "subsidiary ledgers" and have a "control account" in
the general ledger that is the sum of the balances in this subsidiary
ledger. Therefore, the balance of accounts receivable is the total of
the accounts receivable subsidiary ledgers.
So, you make a "ledger entry", meaning an entry to an account every
time you make an entry, but only a General Ledger entry when you make
an entry to the company's general ledger. Each
Is the what you wanted to know?
Post by PentaCould someone please explain to me the difference between a general
ledger entry and a ledger entry? Or, for that matter, is there a
difference between a ledger and a general ledger? Thanks!
P.