Editing General ledger (section)

==Terminology ==
The general ledger contains a page for all accounts in the chart of accounts<ref name=accountingscholar>{{cite web |url= http://www.accountingscholar.com/ledger-accounts.html |title= Chapter 9.3 - General Ledger and Charts of Accounts |website=Accounting Scholar |access-date=28 February 2017}}</ref> arranged by account categories. The general ledger is usually divided into at least seven main categories: assets, liabilities, owner's equity, revenue, expenses, gains and losses.<ref>{{cite web |title=Inputs to Accounting |url=http://kolibri.teacherinabox.org.au/modules/en-boundless/www.boundless.com/accounting/textbooks/boundless-accounting-textbook/introduction-to-accounting-1/what-is-accounting-17/inputs-to-accounting-110-6831/index.html}}</ref> It is the system of record for an organization’s financial transactions.<ref>{{cite web |url=https://blog.workday.com/en-us/2022/understanding-the-basics-what-general-ledger.html |title=Understanding the Basics: What Is a General Ledger? |website=Workday Blog |date=16 December 2022 |access-date=31 August 2023}}</ref>
The main categories of the general ledger may be further subdivided into [[subledger]]s to include additional details of such accounts as cash, accounts receivable, accounts payable, etc.

The extraction of account balances is called a [[trial balance]]. The purpose of the trial balance is, at a preliminary stage of the [[financial statement]] preparation process, to ensure the equality of the total [[debits]] and [[Debits and credits|credits]].<ref>{{cite web|url=http://accounting-simplified.com/trial-balance.html#purposetrial|title=What is a Trial Balance? |access-date=5 March 2017}}</ref>