A statement in a double entry system in which are recorded all the transactions of one specific class, which takes place during the period is called

A statement in a double entry system in which are recorded all the transactions of one specific class, which takes place during the period is called

A

Double entry system

B

Ledger

C

Cash Book

DPetty Cash Book

Answer is B

Ledger also refers to a separate record within the general ledger that is assigned to a specific asset, liability, equity item, revenue type, or expense type. Here are examples of ledger accounts are: Cash, Accounts receivable, etc

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