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The general ledger can be used to determine which of the following (select all answers which apply):
• which accounts are being used by a company and their balances at any given time.
• common and unique accounts used by a business.
• increases and decreases in all accounts in a business.

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The general ledger can help in the determination of :

  • which accounts are being used by a company and their balances at any given time.
  • common and unique accounts used by a business.
  • increases and decreases in all accounts in a business.

What is the General Ledger ?

A general ledger is a bookkeeping ledger where accounting data are combined from subledgers including accounts payable, accounts receivable, cash management, fixed assets, and projects as well as recorded from journals.

The accounting data needed to create the company's financial statements would be kept in the general ledger. To account for revenues, expenses, assets, liabilities, and owners' equity, the transaction data would be divided into categories based on type. It fluctuates in all accounts within an entity and is both uncommon and common.

Find out more on the General Ledger at https://brainly.com/question/21093235

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