Homework Answers
Solution:
-- which accounts are being used by a company and their balances at any given time.
-- common and unique accounts used by a business.
-- increases and decreases in all accounts in a business
Explanation: The general ledger would hold accounting information that is required in preparing the financial statements of the company. The transaction data would be segregated by type into accounts for revenues, expenses, assets, liabilities, and owners' equity. It is unique and common; and also increases and decreases in all accounts in an entity
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