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The central or general ledger functions as a data register that holds track of the activities of the assets and liabilities of a corporation, sales, expenditures, shares of owners etc. This ledger would be the main database of conventional Enterprise Resource Management applications, containing data received from systems such as accounts payable, cash management, accounts receivable, programs and fixed assets.
In context of trading, the term bloodbath is commonly used to describe a market which is on a downtrend with many assets suffering from value depreciation.
