The collection of all business transactions sorted by account in an accounting system is referred to as:
Question:
The collection of all business transactions sorted by account in an accounting system is referred to as:
A. a trial balance.
B. a general ledger.
C. a general journal.
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The answer to your question is B a general ledger A general ledger is a bookkeeping tool ...View the full answer
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Related Book For
International Financial Statement Analysis Workbook CFA Institute Investment Series
ISBN: 9781118999486
3rd Edition
Authors: Thomas R. Robinson, Elaine Henry, Wendy L. Pirie, Michael A. Broihahn
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