Which of the following is a collection of all the accounts, the changes in those accounts, and their balances?
A)source document
B)journal
C)ledger
D)trial balance

Question

Quizplus · Accepted Answer

A ledger is a collection of all the accounts, the changes in those accounts, and their balances. A source document is a piece of paper or electronic record that contains the details of a transaction. A journal is the first place where transactions are recorded in chronological order. A trial balance is a summary of all the balances in the ledger at a given point in time.

Which of the Following Is a Collection of All the Accounts