multiple choice question\nwhich of the following best and fully describes a general ledger?\n\nthe general…

multiple choice question\nwhich of the following best and fully describes a general ledger?\n\nthe general ledger describes all liability accounts.\nthe general ledger combines sales and expenses to determine the net income of a business.\nthe general ledger is a record of all transactions in alphabetical order.\nthe general ledger is a record containing all accounts used by a company.

multiple choice question\nwhich of the following best and fully describes a general ledger?\n\nthe general ledger describes all liability accounts.\nthe general ledger combines sales and expenses to determine the net income of a business.\nthe general ledger is a record of all transactions in alphabetical order.\nthe general ledger is a record containing all accounts used by a company.

Answer

Brief Explanations:

A general ledger is a master - record that contains all accounts (assets, liabilities, equity, revenues, and expenses) used by a company. It is not just for liability accounts, nor is it only for determining net income by combining sales and expenses. Also, transactions are not recorded in alphabetical order in a general ledger.

Answer:

The general ledger is a record containing all accounts used by a company.