The __________ is part of the accounting system where all the entries are recorded in chronological order, and they are posted to the individual accounts that the transaction is associated with in the company.

Question

Quizplus · Accepted Answer

The general ledger is a comprehensive record of all financial transactions that occur within a company, organized by account. It is where transactions are recorded in chronological order and then posted to the specific accounts they affect, serving as the central repository for all accounting data.

The __________ Is Part of the Accounting System Where All