Answer 2 for HCA 620 Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data

Answer 2 for HCA 620 Search the GCU Library on the following topic: Strategic Planning. Many strategic plans contain financial data

As you have noted, the general ledger offers all the financial information concerning the financial transactions of a company. A general ledger is employed by a business that employs double-entry bookkeeping. When this happens, an accounting equation that states that assets-liabilities= stakeholder’s equity. The liabilities and assets columns exist in a dibble-entry format. The format discussed above is adopted by the balance sheet, which then demonstrates the information in a detailed manner. For instance, the balance sheet shows several asset accounts, including cash and accounts receivable, in its short-term assets section.