A Ledger Is

Multiple Choice

A ledger is:

A) A record containing increases and decreases in a specific asset, liability, equity, revenue, or expense item.
B) A journal in which transactions are first recorded.
C) A collection of documents that describe transactions and events entering the accounting process.
D) A list of all accounts with their debit balances at a point in time.
E) A record containing all accounts and their balances used by a company.