The ledger that contains the financial statement accounts of a business is the
A)General Ledger.
B)General Journal.
C)Special Journal.
D)Column balance ledger.
E)Special Ledger.

Question

Quizplus · Accepted Answer

The General Ledger contains all of the financial statement accounts of the business, including assets, liabilities, equity, revenues, and expenses. It serves as the central location for recording and tracking all financial transactions of the business.

The Ledger That Contains the Financial Statement Accounts of a Business