All transactions related to specific accounts,such as cash or inventory,are listed and totaled in a:
A)Journal
B)Ledger
C)Trial balance
D)Balance sheet

Question

Quizplus · Accepted Answer

Transactions related to specific accounts are listed and totaled in ledgers. Journals are used to record transactions in chronological order, trial balance is a summary of all ledger account balances, and balance sheet is a financial statement that shows the assets, liabilities, and equity of a company at a specific point in time.

All Transactions Related to Specific Accounts,such as Cash or Inventory,are