The ledger that contains the financial statement accounts of a business is the
A) Columnar journal
B) Accounts payable ledger
C) General journal
D) General ledger
E) Subsidiary ledger

Question

Quizplus · Accepted Answer

The general ledger contains all of the financial statement accounts of a business, including assets, liabilities, equity, revenues, and expenses. The other options listed either do not contain all financial statement accounts or are subsidiary ledgers that provide more detailed information about specific accounts.

The Ledger That Contains the Financial Statement Accounts of a Business