The accounting record where all accounts are posted and summarized is the

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The General Ledger is the accounting record where all accounts are posted and summarized. It contains all the transactions of the company and provides a complete record of financial activity. The General Journal is used to record specific transactions, while the Balance Sheet is a financial statement that shows the financial position of the company at a specific point in time. Posting reference is a reference number used to track the posting of transactions between the General Journal and the General Ledger.

The Accounting Record Where All Accounts Are Posted and Summarized