Which element(s)of an accounting system provide(s)information about the balance in each account?
A)Source documents
B)Journals
C)Ledgers
D)Accrual record

Question

Quizplus · Accepted Answer

Ledgers provide information about the balance in each account. Journals provide a chronological record of transactions, source documents provide the evidence of the transaction, and accrual records are used to record expenses that have been incurred but not yet paid or revenue that has been earned but not yet received.

Which Element(s)of an Accounting System Provide(s)information About the Balance in Each