When using a four-column ledger account format, the pair of columns on the far right is used to show the:
A)names of the accounts being debited and credited.
B)transaction dates and journal reference.
C)account balance.
D)debit and credit amounts posted from journal entries.

Question

Quizplus · Accepted Answer

The pair of columns on the far right in a four-column ledger account format is used to show the account balance, which reflects the running total after each transaction is posted.

When Using a Four-Column Ledger Account Format, the Pair of Columns