The general ledger is the main book of accounts where all financial transactions are ultimately classified and summarized. It contains all key accounts such as cash, sales, expenses, assets, and liabilities. Financial statements are prepared using balances from the general ledger.
Group Financial Statements
Group financial statements are consolidated financial statements prepared for a parent company and its subsidiaries as if they were a single economic entity. They...
Gross Sales
Gross sales are the total sales value before deducting returns, discounts, allowances, or sales adjustments. It reflects the overall sales activity generated during a...
Gross Profit
Gross profit is the difference between revenue and the direct cost of goods sold. It shows how much a business earns from its core...
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