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Paul [167]
3 years ago
10

Establishing general ledger accounts opening balances will always be zero true or false

Business
1 answer:
Inessa [10]3 years ago
6 0

True, When establishing general ledger accounts opening balances will always be zero. A ledger is a full record of all transactions over the lifetime of a company. When the company is first starting out, there is a zero balance because transactions have not been put on the ledger yet. The longer the company is in business, the more transactions there will be on the ledger.

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