In reviewing the financial results for the past month,the president of the company is surprised at how low the sales amount is.She is wondering if all sales for the month have been properly recorded.When asked to investigate this issue,the accountant would refer to the:
A)ledger.
B)trial balance.
C)balance sheet.
D)income statement.

Question

Quizplus · Accepted Answer

The accountant would refer to the ledger, which is a detailed record of all transactions including sales. The trial balance, balance sheet, and income statement may provide overall financial information, but they do not provide the necessary details to investigate if all sales have been properly recorded.

In Reviewing the Financial Results for the Past Month,the President