What does a ledger account represent? A) A detailed record of all business transactionsB) A summary of trial balancesC) An individual record for each accountD) The final balance of a financial statement

What does a ledger account represent? A) A detailed record of all business transactionsB) A summary of trial balancesC) An individual record for each accountD) The final balance of a financial statement

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter5: Operating Activities: Purchases And Cash Payments

Section: Chapter Questions

Problem 9Q

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Question

What does a ledger account represent?

A) A detailed record of all business transactions
B) A summary of trial balances
C) An individual record for each account
D) The final balance of a financial statement

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