The ledger is: (A) a group of accounts that records data from business transactions. (B) a tool used to make sure that all accounts have normal balances. (C) a chronological record of the day's transactions. (D) a tool used to ensure that debits equal credits.

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Ivan

Business

20 July, 15:10

The ledger is: (A) a group of accounts that records data from business transactions. (B) a tool used to make sure that all accounts have normal balances. (C) a chronological record of the day's transactions. (D) a tool used to ensure that debits equal credits.

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Franco · Answer 1

Answer: (A) a group of accounts that records data from business transactions.

Explanation: Hi, a ledger is a record of all the transactions of a business. The transactions are recorded in different accounts in the ledger.

The ledger is a record that can be written down, or computerized. Nowadays the majority of modern companies have this system computerized for practical reasons.

the most common accounts are : cash, accounts payable, and retained earnings.