The purpose of the ledger is to
A)record the day's transactions in date order.
B)keep documentation to support each transaction.
C)keep in one place all information about changes in specific account balances.
D)make sure that all assets and liabilities have normal balances at all times.

Question

Quizplus · Accepted Answer

The ledger serves as a centralized record to keep all information about changes in specific account balances, allowing for the tracking of financial transactions and their impact on individual accounts over time.

The Purpose of the Ledger Is to