A general ledger __________.

Question

is a book in which transactions that increase or decrease a company's accounts are recorded

is often called the book of original entry

is a document that contains financial information used in recording transactions

maintains a running balance of all accounts

Answer 1

A general ledger maintains a running balance of all accounts.

It is a comprehensive collection of all financial transactions of a company categorized into various accounts, showing the current balance for each account.