Question

It is a collection of all accounts with their activity and balances that exist in a business. It is a collection of all accounts with their activity and balances that exist in a business. drop zone empty. It is a book of original entry that includes a chronological record of all transactions that have occurred within a business during a period occurred 2 of 4 It is a book of original entry that includes a chronological record of all transactions that have occurred within a business during a period occurred It is a book of original entry that includes a chronological record of all transactions that have occurred within a business during a period occurred drop zone empty. It is a list of each account and its balance at any given time and is used to verify that debits = credits 3 of 4 It is a list of each account and its balance at any given time and is used to verify that debits = credits It is a list of each account and its balance at any given time and is used to verify that debits = credits drop zone empty. It is a list of all ledger accounts which exist in a business and includes an identification number assigned to each account 4 of 4 It is a list of all ledger accounts which exist in a business and includes an identification number assigned to each account

Answer 1

It is known as the general ledger.

Explanation:

General ledger is a collection of all accounts with their activity and balances that exist in a business.  It is a book of original entry that includes a chronological record of all transactions that have occurred within a business organisation or an entity.

The general ledger has two accounts which are the debit and the credit occurring on the right and the left side of the book. The balance of the general ledger is used to verify that the debit side is equal to the credit side of the book.