The ________ keeps a running balance of an individual account.
A)general journal
B)Balance Sheet
C)general ledger
D)posting reference

Question

Quizplus · Accepted Answer

The general ledger is a detailed record of all the individual accounts that a company uses to record their transactions. Each account in the general ledger has a running balance, which keeps track of the current status of the account. The balance sheet is a financial statement that shows the company's assets, liabilities, and equity at a specific point in time. The general journal is a record of all the company's transactions, while posting reference is a notation used to show where a transaction was originally recorded in the journal.

The ________ Keeps a Running Balance of an Individual Account