An accounting record that contains all the transactional information for the individual accounts for a business is a
A) balance sheet.
B) chart of accounts.
C) general journal.
D) general ledger.
E) set of financial statements.

Question

Quizplus · Accepted Answer

The general ledger is the accounting record that contains all the transactional information for the individual accounts for a business. It is where all the business transactions are recorded in detail, showing debits and credits for each account.

An Accounting Record That Contains All the Transactional Information for the Individual