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A ledger provides a record of each debit and credit transaction across the lifespan of a company. Each transaction within the ledger is also known as a ?journal entry.? Businesses use ledgers to get a detailed view of their financial transactions for different periods of time, be that weeks, months, quarters, or years.

What is a general ledger with example? There are many examples of a general ledger as they record every financial transaction of a firm. Furniture account, salary account, debtor account, owner's equity, etc., are some examples.

A ledger is a book or digital record that stores bookkeeping entries. The ledger shows the account's opening balance, all debits and credits to the account for the period, and the ending balance.

A ledger is a book or collection of accounts in which accounting transactions are recorded. Each account has: an opening or brought-forward balance; a list of transactions, each recorded as either a debit or credit in separate columns (usually with a counter-entry on another page)

Settlement is the process where the actual costs incurred for a WBS element, network, or activity are allocated, in whole or in part, to one or more receivers. In the process, offset entries crediting the project are generated automatically.

The settlement value of a variable payout contract is the amount of contract value remaining, based on whether it was bought or sold. The difference between the price at which the contract was bought or sold, and the settlement value, determines the profit or loss (excluding any applicable exchange fees).

Ledger settlement is the process of matching debit and credit transactions in the general ledger. The settlement of the debit and credit amounts is used to reconcile the balance of the ledger account with the detailed transactions that make up that balance.