In order to determine the balance in an account, you must look at the:
A) source documents.
B) journals.
C) ledgers.
D) book of original entry.

Question

Quizplus · Accepted Answer

The balance in an account is determined by looking at the ledger, which is the primary book of accounting where all transactions are recorded and account balances are updated. Source documents and journals are used to record the transactions, while the book of original entry may refer to the journal or other specialized journals used in recording transactions. Therefore, the ledger (option C) is the best choice for determining the account balance.

In Order to Determine the Balance in an Account, You