Q230
_________ will produce the periodic financial statements and reports of the business.
A.
Cash ledger
B.
Final Account
C.
Trail Balance
D.
General Ledger
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
General Ledger will produce the periodic financial statements and reports of the business. In the general ledger, record each of the transactions twice as both a subtraction (debit) and addition (credit). The general ledger is the main accounting record of the company.