---
title: "what is General ledger account?"  
description: "what is General ledger account?"  
author: "Sunita  Singh"  
published: 2017-11-15  
canonical: https://answers.mindstick.com/qa/30623/what-is-general-ledger-account  
category: "business & finance"  
tags: ["accountants", "tally accounting software"]  
reading_time: 1 minute  

---

# what is General ledger account?

what is General [ledger](https://www.mindstick.com/interview/33794/what-is-a-ledger) [account](https://www.mindstick.com/articles/33699/how-tech-is-disrupting-the-accounting-world)?

## Answers

### Answer by Vishal Kesarwani

**General ledger account** is basically an account or **record accustomed type** and store record of operating statement transactions**. Samples of account book** accounts embrace the quality accounts like **money, assets, Inventory,** Investments, Land, and instrumentation. samples of the final ledger liability accounts embrace Notes due, Accounts due, increased Expenses due, and client Deposits.

Samples of operating statement accounts found within the account book embrace Sales, **charge Revenues,** Salaries Expense, Rent Expense, Advertising Expense, disbursement, and Loss on Disposal of Assets.

![what is General ledger account?](https://answers.mindstick.com/questionanswer/8039a8b3-c3d1-4100-9a1a-96a23a163b56/images/813b6ac5-0fe2-4648-8c1a-9a0c997d156c.png)

Some account book accounts are **general outline records** that are brought up as **management accounts**. The detail that supports every of the management accounts is found outside of the final ledger in what's referred to as a ledger. For instance, assets might be a bearing account within the account book, and there'll be a ledger that contains every customer's credit activity.

The final ledger accounts **Inventory, Equipment, and Accounts due** might even be management accounts and for each, there will be a ledger containing the appropriate details or we can say complete details.

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Original Source: https://answers.mindstick.com/qa/30623/what-is-general-ledger-account

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