Fiscal year accounting period is defined as a period of 12 months that a company uses for its accounting purposes; for example, reporting its spending and income. It helps in preparation of company financial statements. It is measured by the...
accounting
(Wex page)
General journal is a miscellaneous accounting journal used by businesses to record transactions that do not fit into any of their specialized journals such as a sales journal. Accounting journals are what businesses use to document all of the...
(Wex page)
General ledger is the main accounting ledger used by businesses to debit and credit accounts and is used to create businesses’ financial statements. To follow the generally accepted principles of accounting (GAAP) and standard accounting...