Ask Question
23 January, 19:31

The ledger is: (A) a group of accounts that records data from business transactions. (B) a tool used to make sure that all accounts have normal balances. (C) a chronological record of the day's transactions. (D) a tool used to ensure that debits equal credits.

+2
Answers (1)
  1. 23 January, 21:16
    0
    Answer: (A) a group of accounts that records data from business transactions.

    Explanation: Hi, a ledger is a record of all the transactions of a business. The transactions are recorded in different accounts in the ledger.

    The ledger is a record that can be written down, or computerized. Nowadays the majority of modern companies have this system computerized for practical reasons.

    the most common accounts are : cash, accounts payable, and retained earnings.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The ledger is: (A) a group of accounts that records data from business transactions. (B) a tool used to make sure that all accounts have ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers