The general ledger
A)is used to record infrequent or non-routine transactions.
B)simplifies the process of recoding large numbers of repetitive transactions.
C)records all detailed data for any general ledger account that has individual sub-accounts.
D)contains summary-level data for every account of the organization.

Question

Quizplus · Accepted Answer

The general ledger contains summary-level data for every account of the organization. It does not record infrequent or non-routine transactions, nor does it simplify the process of recording large numbers of repetitive transactions. While it may have individual sub-accounts for some accounts, it does not necessarily record all detailed data for every account with sub-accounts.

The General Ledger