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2 votes
The General Ledger shows or

contains which of the following?
A. All of the Above
B. Liabilities
C. Assets
D. Shareholder's Equity

1 Answer

6 votes

Answer:

A. All of the above

Step-by-step explanation:

The General Ledger is the primary accounting record that shows a company's financial transactions. It contains all of the accounts that are used to record transactions, including assets, liabilities, shareholder's equity, revenue, expenses, gains, and losses.

The General Ledger provides a comprehensive view of a company's financial position and is used to produce financial statements such as the balance sheet, income statement, and cash flow statement. The information in the General Ledger is used by management, auditors, and other stakeholders to make informed decisions about the company's financial health and performance.

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