The general ledger of a business
A)Is a collection of all accounts used in a company's information system
B)Must be kept in a computer file
C)A and B
D)Is a set standard not affected by a company's size and diversity
E)A,B and D

Question

Quizplus · Accepted Answer

The general ledger is a collection of all accounts used in a company's information system, which is used to record and track all financial transactions of the business. It does not have to be kept in a computer file and may vary based on the size and diversity of the company.

The General Ledger of a Business