The General Ledger:
A)Is always provided to external users for decision making
B)Provides the quickest way to communicate financial information
C)Is a collection of all of the company's accounts and account activity
D)None of the above

Question

Quizplus · Accepted Answer

The General Ledger is a collection of all of the company's accounts and account activity, which includes the balances and transactions of each account, making it an important accounting tool for managing financial information. It is not always provided to external users for decision making and may not necessarily be the quickest way to communicate financial information.