What is the name given to the specialized record book or computer prog
QUESTION
What is the name given to the specialized record book or computer program that contains summaries of all journal transactions by category?
A) trial balance
B) balance sheet
C) ledger
D) income statement
E) statement of cash-flows
ANSWER
Answer: C
Explanation: C) The ledger is the specialized record book or computer program that contains summaries of all journal transactions, sorted by specific categories.
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