Select all that apply

The general ledger can be used to determine which of the following: $($Check all answers which apply$)$

common and unique accounts used by a business.

all accounts used by a company and their balances.

increases and decreases in all accounts in a business.

a complete record of each transaction in one account.

Select the statement below that best defines prepaid accounts.

Prepaid accounts are assets that represent prepayments of future expenses.

Prepaid account$$ reflect a company's cash balance and include currency, coins and money orders.

Prepaid accounts are expenses and are increased with a credit.

Prepaid accounts are liabilities that are due within a specified time period.