What is the record-keeping system that captures all journal entries and validates them using the trial balance?
A) Financial reporting
B) General ledger
C) Budget
D) Chart of accounts

Question

Quizplus · Accepted Answer

The general ledger is the core of a company's financial records, capturing all journal entries and validating them through the trial balance process to ensure accuracy in financial reporting.

What Is the Record-Keeping System That Captures All Journal Entries