A record of all accounts used by a business is called a:
A) Journal.
B) Book of original entry.
C) General Journal.
D) Trial balance.
E) Ledger.

Question

Quizplus · Accepted Answer

A ledger is a record of all accounts used by a business. The journal, book of original entry, and general journal are all used to record transactions before being posted to the ledger. The trial balance is a list of all accounts and their balances used to ensure that debits equal credits.

A Record of All Accounts Used by a Business Is