A specialized accounting book in which information is posted into specific categories so managers can find information about one account in the same place is called a _______. (a) ledger (b) journal (c) trial balance sheet (d) double-entry book.
Question:
A specialized accounting book in which information is posted into specific categories so managers can find information about one account in the same place is called a _____.
(a) ledger
(b) journal
(c) trial balance sheet
(d) double-entry book.
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Kaye April 7, 2023 в 21:21The answer is (a) ledger. A ledger is a specialized accounting book that contains specific categories for posting information related to one account in the same place. It is used to keep track of accounts such as accounts receivable, accounts payable, cash accounts, and inventory accounts. The ledger provides managers with all the necessary information about a particular account that they need to make informed decisions. It is organized in a way that makes it easy to access and analyze the data. In short, a ledger is an essential tool for managing finances effectively.
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