A ledger: Select one:

a. contains only asset and liability accounts.
b. should show accounts in alphabetical order.
c. is a record of all accounts maintained by a company and their amounts.
d. provides a chronological record of transactions.

Respuesta :

Answer:

c. is a record of all accounts maintained by a company and their amounts.

Explanation:

A ledger is a record of all the company's transaction. A ledger is a separate accounting record within the general ledger.

Ledgers are specific to the various elements of a financial statement such as assets, liabilities, equity, expenses etc. Examples include the cash ledger, inventory ledger, accounts receivables ledger, accounts payable ledger.

The right option is c. is a record of all accounts maintained by a company and their amounts.