Question: What is used as the record - keeping system to summarize individual transactions and journal entries to form the basis of financial statements? General ledger

What is used as the record-keeping system to summarize individual transactions and journal entries to form the basis of financial statements?
General ledger
Transaction entries
Journal entries
Income statement
 What is used as the record-keeping system to summarize individual transactions

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!