A ledger is:
A)A record containing all accounts (with amounts) for a business.
B)A journal in which transactions are first recorded.
C)A collection of documents that describe transactions and events during the accounting process.
D)A list of all accounts with their debit balances at a point in time.
E)A list of all accounts a company uses and includes an identification number assigned to each account.

Question

Quizplus · Accepted Answer

A ledger is a record containing all accounts (with amounts) for a business, where each account tracks the financial transactions related to a specific item or category.

A Ledger Is