what is GL Account and how it is used

Hello SAP Gurus

what is GL account and how it is used and can you plz give me an example of GL account how it is used in company.

2. when we create a company code,plant and storage location what we have to do with GL account I.E we have to create an GL account? or we have to assing GL Account to cocd or plant or sloc ? or nothing to do with GL account

3.how to create an GL Account

Am bit confused with this topic so plz try to help me out

Thanks in advance


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Edited by: Jeyakanthan A on Jun 5, 2011 10:27 PM