A record that contains all accounts (with amounts) of a company is the:
A) General ledger.
B) General journal.
C) Special ledger.
D) Special journal.
E) Column balance ledger.

Question

Quizplus · Accepted Answer

The general ledger is a record that contains all accounts and their respective amounts of a company. It is a key component of a company's accounting system as it provides a summary of all financial transactions during a given period. The general ledger is also used to prepare financial statements such as the balance sheet and income statement.

A Record That Contains All Accounts (With Amounts) of a Company