The ___________________ is part of the accounting system where all the entries are recorded in chronological order and posted to the individual accounts that the transaction is associated with in the company.
A) notes receivable
B) general ledger
C) inventory
D) accounts payable

Question

Quizplus · Accepted Answer

The general ledger is a comprehensive record of all financial transactions that occur within a company, organized by account. It includes all entries recorded in chronological order and is where transactions are posted to individual accounts.

The ___________________ Is Part of the Accounting System Where All