A general ledger __________.

Question

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

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

Answer 1

A general ledger maintains a running balance of all accounts.

The general ledger serves as the central repository for all financial transactions of a business, allowing for the tracking of account balances over time.