Content General Ledger – GL Accounts The General Ledger is the difference between general journal and general ledger? What Are the Components of a General Ledger? The Ledger Account Liability Account This ledger pertains to all expenses incurred by the entity for the business operation it may be direct expenses or indirect expenses. In this […]

Content Stockholders’ equity: key takeaways Total Liabilities on a Balance Sheet Assets What Is Shareholders’ Equity? Definition, Calculation & Example Stockholder’s Equity is used for the calculation of book value of shares of the company. It is used to see how market value is priced with reference to the book value of shares of the […]