Question

The general ledger is often used for the initial recording of repetitive transactions. a. true b. false

Answer 1

It true that  general ledger is often used for the initial recording of repetitive transactions.

What is the purpose of general ledger ?

A general ledger  can be described as the  set of numbered accounts  that a particular  business do engage in keeping  track of its financial transactions so as to be able to use it for preparation of financial reports.

In this case, it should be noted that It true that  general ledger is often used for the initial recording of repetitive transactions.

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