$3$ Reconcile outstanding accounts

Assessment objective: To provide evidence that you have the essential knowledge required for the following performance criteria and related knowledge evidence.

$3\mathrm{.}4$ Maintain general ledger system to reflect current credit situation according to organisational requirements

Answer the following question.

Question $3\mathrm{.}4$

How should you maintain the general ledger system to reflect the current credit situation?

Please note that the answer does not need to be in relation with a particular companys policies and prodcedures. Just looking for a general how to