The general ledger:A) is after the trial balance.B) is the book of final entry.C) lists the transactions in chronological order.D) is before the general journal.

Question

The general ledger:A)  is after the trial balance.B)  is the book of final entry.C)  lists the transactions in chronological order.D)  is before the general journal.

ARSHDEEP SINGH · Accepted Answer

Final Answer : B, Explanation :  The general ledger is considered the book of final entry because it is where journal entries are posted in their respective accounts, summarizing all transactions for each account, making it not a chronological record but a collection of the final balances of all accounts.

The general ledger:

A) is after the trial balance.
B) is the book of final entry.
C) lists the transactions in chronological order.
D) is before the general journal.

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