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Excerpt
Income Statement - Expense

A General Ledger Account (synonymous with Account and GL Account) is a unique identifier used to store specific accounting data in the General Ledger. A General Ledger is made up of multiple General Ledger Accounts that are each classified as either:

  • Balance Sheet - Asset
  • Balance Sheet - Liability
  • Balance Sheet - Equity
  • Income Statement - Revenue

    • .