Final answer:
The general ledger can be used to determine the current cash balance, total revenue for the year, outstanding accounts payable, and retained earnings at the end of the period.
Step-by-step explanation:
The general ledger can be used to determine a variety of financial information about a company. Specifically, it can determine the current cash balance, which shows the amount of cash available in the company's accounts at a given time. It can also be used to calculate the total revenue for the year, which includes all income generated from sales and services before expenses are deducted.
In addition to these, the general ledger is instrumental in tracking the outstanding accounts payable, which are the obligations the company has yet to settle with suppliers or vendors. Lastly, it provides information on the retained earnings at the end of the period, which represent the cumulative amount of net income that has been reinvested in the company rather than distributed to shareholders as dividends.