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which of the following describes the ledger?
A. The ledger is known as the book of original entry.
B. The ledger contains the accounts of the business, categorized by account classification.
C. The ledger will determine the accuracy of information recorded in the journal.
D. The ledger contains a list of business transactions, arranged by date.

Respuesta :

d the ledger contains a list of business transactions
chilljain33

The statements that correctly describe a ledger include,

  1. The ledger contains the accounts of the business, categorized by account classification.
  2. The ledger will determine the accuracy of information recorded in the journal.
  3. The ledger contains a list of business transactions, arranged by date.

Hence, the options B, C and D hold true.

What is the significance of a ledger?

The ledger books of a business organization are also regarded as the books of secondary entry, where the business transactions are posted from the books of journal entry in the chronological occurrence of the business transactions.

Moreover, the journal entries can be verified if the balances in the ledger books match the entries made. Each account in the ledger books is categorized on the type of the transactions to be made in such books.

Hence, the options B, C and D hold true regarding the significance of a ledger.

Learn more about a ledger here:

https://brainly.com/question/14994974

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