A file or book which contains a record for all accounts used by a company, including the account balance, is called a
A) chart of accounts
B) general journal
C) general ledger
D) trial balance

Question

Quizplus · Accepted Answer

A general ledger is a file or book that contains a record for all accounts used by a company, including the account balance. A chart of accounts is a list of all the accounts a company uses, a general journal is where all transactions are initially recorded, and a trial balance is a list of all accounts and their balances used to ensure that the entries in the financial statements are accurate. Therefore, the best choice is C, general ledger.

A File or Book Which Contains a Record for All