Question

3. Define the general ledger process. What are the steps in the general ledger process?

4. What reports are produced from the general ledger process?

5. Understand and apply business process diagrams to a given scenario.

Answer 1

heneral Ledger process! h After the reecording of business transaktion in the ledger, the recorded entries are classified and graped into accounts and books which Subsumes all, au ounts like personal, real and I hoc nominal accounts, is known as Ledgen. The process of resetanding posting recorded entries into ledgere his called as General Ledgen process. # Stepe za volved in General ledger process! Steps involved in ledger process ane as follows! Par Bost Recording of transactions in jourende i posting of recorded entries in ledger Gül Transferering of ledgere account balances teperat laro the Trial Balancenter A feports produced from generala porte des are as Follows! Winte GJ Balance sheet B y Dncome Statements and (zin Cash flow Statements for Caius Statement of Retrüged earrings * treneral Ledger business Process diagram", sa heneral Ledgere un desnuda Process closing transactions A locale, transaction Maintaining ledger accounts molt a Close transatoa