The purpose of ledgers is to:
A) provide a chronological record of transactions
B) keep track of the large number of transactions that occur
C) maintain a cumulative record of profit as it is earned
D) make sure that the sum of the debit balances equals the sum of the credit balances.

Question

Quizplus · Accepted Answer

Ledgers are used to keep track of all transactions by organizing them into accounts, which helps in managing and summarizing financial data.

The Purpose of Ledgers Is To