Question

why general ledger is important to business
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Answer 1

Answer:

Reasons Why You Need a General Ledger

It provides an accurate record of all financial transactions. ... It aids in compiling key financial statements which are crucial for evaluating your profitability, liquidity, and overall financial health. These include the cash flow statement, income statement, and balance sheet.

Answer 2

$\large\bf\green {Answer}$

It provides an accurate record of all financial transactions. ... It aids in compiling key financial statements which are crucial for evaluating your profitability, liquidity, and overall financial health. These include the cash flow statement, income statement, and balance sheet.