General Ledger

[Adrien Monteleone]

Everyone is correct.

It’s a matter of perspective.

I too was taught ‘General Journal’. The ‘Ledger’ was step 2.

But our textbooks, and likely the focus of any accounting class, were primarily for *business* and from the perspective of a larger corporation or what we would distinguish today as an ‘enterprise', not small/medium business, not a mom & pop or an individual. (the same goes for econ classes by the way)

So the terminology taught to us makes perfect sense from the perspective of the ‘main books’ of said enterprise. I’d bet the intro or the first chapter even qualifies the text accordingly.


Regards,
Adrien

> On Feb 26, 2018, at 6:34 AM, Buddha Buck <blaisepascal at gmail.com> wrote:
> 
> It's not an Australian accounting thing, unless I managed to grab
> Australian book out of my small-city upstate New York library system some
> 30 years ago...
> 
> 
> On Mon, Feb 26, 2018 at 5:38 AM elvis <elvis at dogonfire.com> wrote:
> 
>> On 25/02/18 07:54, Dave H wrote:
>>> Well from my point of view that is confusing.  Nobody in my world refers
>> to
>>> a "General Journal" we refer to the "General Ledger" and we do journals
>>> :-)  I've never actually heard the term general journal used anywhere
>>> before until this discussion over the weekend !!!
>> 
>> You weren't in my accounting class where we got the use of the general
>> journal beaten into us :-) I can still remember it 30 years later. Maybe
>> it's an Australian accounting thing.
>>> Cheers Dave H.
>>> 
>>> On 24 February 2018 at 19:58, Geert Janssens <geert.gnucash at kobaltwit.be
>>> 
>>> wrote:
>>> 
>>> 
>> 
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