The specialized accounting book in which information from journals is accumulated into specific categories is called a:
A)balance sheet.
B)trial balance.
C)journal.
D)ledger.

Question

Quizplus · Accepted Answer

A ledger is the specialized accounting book in which information from journals is accumulated into specific categories. The balance sheet is a financial statement that shows a company's assets, liabilities, and equity at a specific point in time. The trial balance is a list of all the ledger accounts with their balances used to ensure that debits and credits are equal. The journal is the first place where financial transactions are recorded in chronological order.

The Specialized Accounting Book in Which Information from Journals Is