The principal ledger containing all the balance sheet and income statement accounts is the
A) general ledger.
B) AP ledger.
C) AR ledger.
D) employee ledger.

Question

Quizplus · Accepted Answer

The principal ledger that contains all the balance sheet and income statement accounts is the general ledger. The AP ledger contains accounts payable information, the AR ledger contains accounts receivable information, and the employee ledger contains employee-related information.

The Principal Ledger Containing All the Balance Sheet and Income