The record of all accounts and their balances used by a business is called a:
A)Journal.
B)Book of original entry.
C)General Journal.
D)Balance column journal.
E)Ledger (or General Ledger).

Question

Quizplus · Accepted Answer

The ledger (or general ledger) is the record of all accounts and their balances used by a business. The other options are all different types of journals that are used to record transactions before they are posted to the ledger.

The Record of All Accounts and Their Balances Used by a Business