A general ledger is a record-keeping system used by businesses and organizations to track their financial transactions. It is a comprehensive and detailed record of all the financial activities of a business and is used to produce important financial reports such as the balance sheet and income statement. The general ledger typically contains a separate account for each type of financ... https://www.ibntech.com/blog/5-benefits-of-general-ledgers-in-double-entry-system-of-bookkeeping/