General ledger and ledger differences

Question

Accepted Answer

General ledger is a complete record of financial transactions, while a ledger is a subset of the general ledger focusing on specific accounts.

General ledger is a comprehensive record of all financial transactions of a company.
Ledger is a subset of the general ledger, focusing on specific accounts like accounts receivable or accounts payable.
General ledger provides an overview of the company's financial health, while ledgers provide detailed information on specific accounts.
General ledger is used for financial reporting and analysis, while ledgers are used for day-to-day transactions.
Example: General ledger includes all transactions in the company, while the accounts receivable ledger only includes transactions related to accounts receivable.

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