Is the primary balancing segment of the GL Account structure. Typically, this is the owning entity for the transaction. A G/L entity is the smallest organizational unit for which individual financial statements must be drawn up according to relevant commercial law. P&L statements are required at this level.
The primary balancing segment of the G/L Account structure. P and L statements are required at this level. A G/L entity is the smallest organizational unit for which individual financial statements must be drawn up according to relevant commercial law.
Synonyms: Business Unit, Fund, General Ledger Company, Joint Venture, Non-Profit Association Name