A record of all accounts,showing account activity and cumulative balances is maintained in the:
A)general journal
B)trial balance
C)general ledger
D)financial statements

Question

Quizplus · Accepted Answer

A record of all accounts, showing account activity and cumulative balances is maintained in the general ledger. The general journal is used to record transactions, the trial balance checks the accuracy of account balances, and financial statements summarize financial data.

A Record of All Accounts,showing Account Activity and Cumulative Balances