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    Business
  3. Study Set
    Accounting Information for Business Decisions
  4. Exam
    Exam 5: Recording, Storing and Reporting Accounting Information
  5. Question
    The General Ledger Is the Most Important Ledger Because Balances
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The General Ledger Is the Most Important Ledger Because Balances

Question 43

Question 43

True/False

The general ledger is the most important ledger because balances of accounts contained within it are used to draw up the Trial Balance and subsequently the financial reports.

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